9720 S Tryon St - Medical FOR SALE


Charlotte, NC 28273- Outer South Charlotte
$3,980,000 USD
843-725-7835
9720 S Tryon St, Charlotte, NC for Sale
$3,980,000 USD
Medical - FOR SALE
1/9
null | 7.35% Cap Rate

9720 S Tryon St
Charlotte, NC 28273
Outer South Charlotte


HIGHLIGHTS

  • Recent Capital Expenditure
  • Embedded Rent Growth
  • Large National DSO
  • High Traffic Corridors
  • Dense & Affluent Surrounding Demographics

OVERVIEW

Current ownership has recently completed extensive capital improvements, including a state-of-the-art roof and parking lot restriping in 2022, stucco replacement, upgraded signage in 2023, and a new HVAC and furnace installation in October 2023. These enhancements ensure minimal near-term capital expenditure requirements for a prospective owner. Additionally, the property benefits from strong embedded rent growth, with Sam Kleitches Dentistry’s lease tied to CPI-based rent increases and ABS Kids featuring contractual 2.50% annual rent escalations. The asset boasts long-term tenant commitment, with Dr. Sam Kleitches Dentistry operating on-site for over 34 years and recently renewing its lease through 2029. In 2021, Dr. Kleitches partnered with Guardian Dentistry Partners, a national dental support network. Positioned along South Tryon, a major corridor with 38,000 vehicles per day, the property enjoys excellent visibility and accessibility. The surrounding area is densely populated, with over 50,000 residents within a 3-mile radius and a rapidly growing population exceeding 150,000 within 5 miles. Additionally, the property is within 2.5 miles of major corporate hubs, including Microsoft, Spectrum, CPI Security, and Xerox, making it an ideal investment opportunity.

FOR SALE DETAILS

PRICE

$3,980,000 USD

PRICE/SF

$387 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arrowwood Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

I1

APN/PARCEL ID

201-181-38

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 Policy.