718 Trade StCharlotte, NC 28202

Property Details for 718 Trade St

Year built

2000

Lot size

0.74 AC

Property size (Sq ft)

2,992 SF

Zone code

UMUD

Property type

Office properties

APN

7812225

APU

7812225

Description

This exceptional investment opportunity presents a 2,992 square foot convenience store, fully leased to 7-Eleven, located at 718 W Trade St, #A, in Charlotte, North Carolina. The property boasts a strong 6.05% cap rate and a substantial net operating income (NOI) of $60,489. The current lease, signed in 2019, has four years remaining with three additional five-year renewal options, ensuring long-term income stability. Rent increases are built into the lease, with a 10% bump every five years. The property is situated in a prime downtown Charlotte location within a mixed-use area, benefiting from high foot traffic and proximity to major infrastructure, including highways and public transit. The UC zoning designation further enhances the property's versatility and potential for future appreciation. The established 7-Eleven tenant provides a secure and low-management investment, minimizing operational concerns for the owner. This stabilized investment offers a compelling combination of strong cash flow, long-term lease security, and significant potential for capital appreciation in a thriving urban market. The asking price is $1,000,000, translating to a price per square foot of $334.22. The property's parcel number (APN) is 0781-22-25. This is a rare opportunity to acquire a high-performing, low-maintenance commercial property in a rapidly growing city.

• CAP approach

  CAP return

  Valuation

  6%

  $821,643

  6.5%

  $758,440

  7%

  $704,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $506,665

  Geo Method

  $506,665

• Alternative Use

  Use

  Valuation

  Residential

  $940,465

  Hospitality

  $861,461

  Educational

  $716,725

  Medical

  $741,375

  Retail

  $1,114,906

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2331

Longitude

-80.8494

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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