2396 E Franklin Blvd - Storefront Retail/Office FOR SALE


Gastonia, NC 28054
$1,630,000 USD
704-616-5048
2396 E Franklin Blvd, Gastonia, NC for Sale
$1,630,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.75% Cap Rate

2396 E Franklin Blvd
Gastonia, NC 28054


HIGHLIGHTS

  • Fully stabilized NNN investment leased to Elevate Eyecare for 10 years.
  • Strong annual rent escalations of 3%, providing growth in NOI over the term.
  • Positioned on E. Franklin Boulevard, a prominent retail corridor with high daily traffic counts.

OVERVIEW

This offering features a single-tenant net lease investment located at 2396 E. Franklin Boulevard in Gastonia, North Carolina. The property is leased to Elevate Eyecare, a nationally recognized optometry operator with multiple locations across the United States. The tenant executed a 10-year NNN lease commencing December 15, 2025, with annual rent increases of 3% and one five-year renewal option at fair market value. Positioned along E. Franklin Boulevard (NC Hwy 29-74), this location benefits from excellent visibility and strong traffic counts exceeding 40,500 vehicles per day. The area is surrounded by national and regional retailers including Walmart, Hobby Lobby, CVS, and Chick-fil-A, creating a dense retail corridor that attracts consistent consumer traffic. The asset offers predictable cash flow with a first-year NOI of $110,004 and a capitalization rate of 6.75%, making this a compelling opportunity for investors seeking stable returns and minimal management responsibilities. With the lease structured as true NNN, the tenant assumes responsibility for taxes, insurance, and maintenance, limiting landlord obligations to roof, structural components, and select capital items. This property presents an attractive solution for investors pursuing an income-producing asset within a growing retail corridor and offers strong appeal for those considering participation in a 1031 exchange.

FOR SALE DETAILS

PRICE

$1,630,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment NNN Opportunity in Gastonia

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,124 SF

ZONING

OFF01

APN/PARCEL ID

117882

ASK ABOUT THIS PROPERTY

Bob ClayMECA Commercial Real EstateMore Info
704-616-5048

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Bob ClayMECA Commercial Real EstateMore Info
704-616-5048

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