5330 Statesville RdCharlotte, NC 28269

Property Details for 5330 Statesville Rd

Year built

1921

Lot size

1.74 AC

Property size (Sq ft)

5,244 SF

Zone code

B1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

4531201

APU

4531201

Description

This exceptional investment opportunity presents a brand-new, 2024-built Circle K convenience store and gas station located at a signalized intersection on Statesville Rd in Charlotte, NC. The property boasts a 15-year absolute NNN lease with a franchisee tenant, offering zero landlord responsibilities. The 5,200 square foot building sits on a 1.74-acre lot with 16 parking spaces. Rent increases are built in, with a 10% bump every five years. The lease has a remaining term of 15 years, expiring December 31, 2039, and includes five, five-year renewal options. The property generates a strong NOI of $336,000, resulting in a 6.15% cap rate. This location benefits from high traffic volume (22,500 vehicles per day on Statesville Rd), a dense industrial corridor, and a robust, affluent surrounding area with significant population growth (11.95% within a 5-mile radius and 33.08% within a 1-mile radius from 2010-2024). The average household income within 5 miles is $95,585. Proximity to major medical centers, Charlotte's CBD, UNC Charlotte, and Charlotte Douglas International Airport further enhances the property's value. Numerous nearby destination retailers provide additional traffic and consumer draw. This is a turnkey investment with significant long-term potential. The asking price is $5,463,000.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2926

Longitude

-80.8373

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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