2501 E Franklin Blvd - Freestanding FOR SALE


Gastonia, NC 28056
$3,787,000 USD
843-725-7835
2501 E Franklin Blvd, Gastonia, NC for Sale
$3,787,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

2501 E Franklin Blvd
Gastonia, NC 28056


HIGHLIGHTS

  • Corporate Guarantees
  • Long Lease Term - Chipotle expires in 2036
  • High Traffic Counts - 37.5K VPD
  • Signalized Intersection
  • Excellent Demographics

OVERVIEW

Berkeley Capital Advisors is pleased to present the exclusive offering of a 100% occupied, 6,400 SF multi-tenant retail investment anchored by Chipotle Mexican Grill and Mattress Warehouse in Gastonia, NC, offered at $3,787,000 at a 6.00% cap rate. Both tenants operate under corporately guaranteed PRS TICAM leases with a combined WALT of 5.85 years and an average operating history of 10 years at this location, with embedded rent growth through mid-term bumps and option period escalations. The property sits at the signalized intersection of E. Franklin Blvd (37,500 VPD) and backs directly to I-85 (142,000 VPD), just 15 minutes from Charlotte Douglas International Airport and 25 minutes from Uptown Charlotte — positioning it within one of the fastest-growing MSAs in the country, ranked the #1 city for net inbound migration. The surrounding trade area is dense with national retailers, over 40% of the property's customers travel more than 7 miles to visit per Placer.ai, and the 1-mile average household income of $114,604 is well above the national average — all underpinned by significant regional investment momentum including Piedmont Lithium's $988M Carolina Lithium project and the planned $273M Two Kings Casino Resort.

FOR SALE DETAILS

PRICE

$3,787,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Mattress Warehouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

RET03

APN/PARCEL ID

117805

ASK ABOUT THIS PROPERTY

Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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