2209 W Franklin Blvd - Convenience Store FOR SALE


Gastonia, NC 28052
$5,388,000 USD
843-343-1351
2209 W Franklin Blvd, Gastonia, NC for Sale
$5,388,000 USD
Convenience Store - FOR SALE
1/7
null | 5% Cap Rate

2209 W Franklin Blvd
Gastonia, NC 28052


HIGHLIGHTS

  • NNN Lease - 10% Bumps Every 5th Year
  • Traffic Lit Intersection
  • Close to Charlotte allowing residents to commute with more affordable housing options
  • Located on Highway 74 connects to I-85 leading into Downtown Gastonia

OVERVIEW

Oswald Cooke & Associates is pleased to offer a seasoned corporate 7-Eleven store, which originally opened in August 2020. The 1.162 Acre site has abundant visibility and access at the hard corner intersection of Highway 74 and South Myrtle School Road in Gastonia, North Carolina.  Highway 74 (West Franklin Boulevard) runs parallel with Interstate 85 (east) and is one of the primary relief corridors bring traffic in and out of the City of Charlotte. Immediate area tenants also include Wal-Mart, Bank of America, Zaxby’s, Wendy’s, and a host of others. Gaston County is experiencing an industrial boom as a result of the growth in the area, with over 10MM square feet added in the last five years alone.  Top employers include Parkdale Mills, CaroMont Health and Novant Health . 7-Eleven has a standard and Poor’s bond rating of AA-, operates 83,000 stores worldwide, and is the nation’s largest convenience store chain with over 13,000 locations. The Charlotte MSA has grown 15% over the last decade, and the area is consistently ranked as one of the fastest growing cities in the country.

FOR SALE DETAILS

PRICE

$5,388,000 USD

PRICE/SF

$2,566 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

106885

ASK ABOUT THIS PROPERTY

Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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Benjy CookeOswald Cooke and AssociatesMore Info
843-343-1351

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