Batteries Plus Storefront
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For Sale
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1416 East Franklin Boulevard, Gastonia, NC 28054
GC zoning supports retail, restaurant, office, and service uses.
Property Size2,142 SF
Price / SF$382.79
Days on Market3
Property Features for 1416 East Franklin Boulevard
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Retail
Zoning
The GC zoning
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$57,396
Site & Location
Traffic Count
40,651 vehicles/day
Highway Access
Yes
Building Details
Year Built
2010
Tenancy
Single
Listing Agency:
Sands Investment Group - FTL
Listed By:
Jacob Strahler · License #FL SL3483641
Source:
Crexi
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group - FTL
Investment Insights
Based on property information with market context.
This 2,142-square-foot storefront property was built in 2010 and is occupied by a Batteries Plus location. The site carries GC, or General Commercial, zoning, which supports a range of retail, restaurant, office, and service applications. The designation also accommodates consideration of future redevelopment or rezoning for concepts identified in the property information, including drive-thru QSR, multi-tenant retail, and small-format medical office uses.
Located at 1416 East Franklin Boulevard in Gastonia, the property sits along a signalized section of the boulevard with approximately 40,651 VPD. Immediate access to I-85 connects the site with the surrounding Charlotte-Concord-Gastonia MSA and a trade area exceeding 100,000 residents.
Located at 1416 East Franklin Boulevard in Gastonia, the property sits along a signalized section of the boulevard with approximately 40,651 VPD. Immediate access to I-85 connects the site with the surrounding Charlotte-Concord-Gastonia MSA and a trade area exceeding 100,000 residents.
Key Highlights
- 2,142 SF storefront property built in 2010
- Batteries Plus location at 1416 East Franklin Boulevard
- Approximately 40,651 VPD along a signalized section of E Franklin Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,296
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,920
$525.9K
Cap Rate 7%
$375,657
$375.7K
Cap Rate 9%
$292,178
$292.2K
Market Conditions
NOI Build-Up for 2,142 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.6K $18.96/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$37.6K $17.54/SF
− OpEx
−$11.3K −$5.26/SF
NOI
$26.3K $12.28/SF
Area
Gaston County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,920
Cap Rate 7%
$375,657
Cap Rate 9%
$292,178
Alternative Uses
Best Use
Retail
$375.7K
$328.7K – $438.3K
NOI $26,296 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$674.2K
$589.9K – $786.6K
NOI $47,193 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,651 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
284k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 35%
Apparel 17%
Home Improvements & Furnishings 2%
McDonald's
Dining
40,548 visits/mo
0.1 miles
Dillard's
Apparel
28,333 visits/mo
0.4 miles
Gabe's
Shops & Services
23,760 visits/mo
0.2 miles
Hamrick's
Apparel
21,063 visits/mo
0.4 miles
7-Eleven
Shops & Services
19,140 visits/mo
0.2 miles
Demographics for 28054, NC
40,548
Population
18,351
Households
2.2
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
2,101
Density / Sq Mi
$59,524
Median Household Income
$39,883
Median Earnings
$1,150
Median Rent
$220,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - GC zoning supports retail, restaurant, office, and service uses.
Where is this storefront property located?
The property is located at 1416 East Franklin Boulevard Gastonia, NC.
What is the asking price?
The asking price for this property is $819,943.
What are key features of this property?
This property features: 2,142 SF storefront property built in 2010; Batteries Plus location at 1416 East Franklin Boulevard; Approximately 40,651 VPD along a signalized section of E Franklin Boulevard
