Dollar Tree 5811 Prosperity Church Road, Charlotte, NC Cap Rate 7.5% Charlotte ( North Carolina, US ) Built

$4,357,280 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 15,236 sq. ft.
  • Development Level: Built
  • Lot Size: 1.45 acres
  • Year Built: 2004

Description

Dollar Tree 5811 Prosperity Church Road, Charlotte, NC Cap Rate 7.5%

Cap Rate: 7.5%
NOI: $326,796
Building Size: 15,236 sqft
Lot Area: 1.45 acres
Lease Type: Triple Net
Year Built: 2004
Price Per Sqft: $285.99
Property Taxes, Insurance, Common Area, Roof & Structure: Tenant’s Responsibility

Price: $4,357,280 USD

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 15,236 SF Walgreens/Dollar Tree Sublease at 5811 Prosperity Church Road in Charlotte, Located Less Than ¼-Mile From I-485 With Strong Retailers Nearby. This Opportunity Includes About 2 Years Remaining on an Absolute Triple Net (NNN) Walgreens Lease With a Sublease From Dollar Tree in Charlotte, Which is One of the Fastest Growing Markets in the Country.

HIGHLIGHTS
• Absolute Triple Net (NNN) Walgreens Lease With Zero Landlord Responsibilities
• Tenant and Subtenant Remained Open During COVID and Did Not Miss Any Rent Payments
• 15,236 SF Building Situated on 1.45 Acres With Over 54 Parking Spaces on Site, a Drive-Thru and Potential Opportunity For a Kiosk
• Strategically Located With a Population of Over 136,169 Residents Making an Average Household Income of $94,023 Within a 5-Mile Radius of the Property
• Located Directly Across the Street From the Pointe at Prosperity Village, a Newly Constructed (2017) 292-Unit Class A Apartment Community
• Located at a Signalized Intersection With Ridge Rd and Less Than ¼-Mile From I-485, Which Sees Over 123,800 VPD Providing Great Exposure
• Convenient Location – Only 20 Minutes From Uptown Charlotte
• Part of the Thriving Charlotte MSA, Which is Home to Over 3,000,000 Residents
• High Growth Submarket – Projected Annual Growth of 2.5% Through 2025 Within a 5-Mile Radius
• Positioned Within a Strong Retail Corridor With Nearby Tenants Including: Publix, ALDI, Harris Teeter, Chick-fil -A, Bojangles’, Pep Boys and More

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.