158 N M L King Jr Blvd - Convenience Store FOR SALE


Monroe, NC 28110
$8,724,000 USD
980-498-3293
158 N M L King Jr Blvd, Monroe, NC for Sale
$8,724,000 USD
Convenience Store - FOR SALE
1/4
null | 5.25% Cap Rate

158 N M L King Jr Blvd
Monroe, NC 28110


HIGHLIGHTS

  • INVESTMENT GRADE TENANT
  • GROCERY OUTPARCEL & NEW IMMEDIATE DEVELOPMENT
  • ATTRACIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACIVE LEASE FUNDAMENTALS - 15 Year Lease with 10% bumps every 5 years and in extension periods - NNN lease providing zero landlord responsibilities - Land & Building Lease provide bonus depreciation opportunity INVESTMENT GRADE TENANT - 7-Eleven’s parent company, Seven-Eleven Japan Co, LTD has a market cap of $37.18B (Ticker: SVNDY) - There are over 83,000 locations across the world POSITIONED NEAR MARKET DRIVERS - Site is located just south of Union Academy Charter School - This school has over 2,200 kids in grades PK-12th - The school employs more than 200 employees and provides a built in customer base for the C-store GROCERY OUTPARCEL & NEW IMMEDIATE DEVELOPMENT - Sitting next door is the recently constructed Food Lion (98th percentile in visits nationally) which delivered in 2020 - Behind the site is the new Cedar Meadows Housing Development - This development is over 80 acres with 206 single family detached lots that started construction in 2022 RECENT CONSTRUCTION AT SIGNALIZED INTERSECTION - Recently constructed building with warranties in place for the roof and mechanical systems - Positioned at the hard corner of Weddington Rd (7.2K VPD) and N. MLK Blvd (15K VPD) providing the site easy access and strong viability CHARLOTTE, NC TAILWINDS - This 7-Eleven is located south of Charlotte, NC and just east of Rock Hill and Fort Mill, SC - Charlotte, NC ranked #5 in fastest growing Metros - This property will be a direct beneficiary of the rapid expansion that Charlotte and the surrounding areas continue to experience

FOR SALE DETAILS

PRICE

$8,724,000 USD

PRICE/SF

$1,808 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station, Storefront, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

-

APN/PARCEL ID

09-316-005-F

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.