1801 Milton Rd, Charlotte, NC 28215
Freestanding CVS in Charlotte, NC with corporate guarantee.
- Added:
- May 19, 2022
- Days on Market:
- 1510
- Last Refresh:
- Jun 21 at 9:29 pm
Property Features for 1801 Milton Rd
General Information
- Standard status
- Active
- Size
- 12,608 SF
- Lot size
- 1.50 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing office Colliers - Fort Lauderdale, Florida
Listing date May 19, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Fort Lauderdale, Florida
HighLights
- Freestanding CVS with corporate guarantee.
- Located at a signalized intersection with excellent accessibility and visibility.
- Located in Charlotte, a dominant market, with a population of 95,611 within a 3‑mile radius.
- ±12,608 SF building on approximately 1.5 acres.
- Lease expires June 30th, 2026, with two five‑year renewal options and 5% increases with each renewal.
- Landlord responsible for exterior and roof.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $310.2k | $24.60 |
| − Vacancy | −$8.6k | −$0.68 |
| EGI | $301.6k | $23.92 |
| − OpEx | −$75.4k | −$5.98 |
| NOI | $226.2k | $17.94 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Walgreens Pharmacy — 3080 Milton Rd, Charlotte, NC 28215
- Brandi A. Colby, Pharm — 3080 Milton Rd, Charlotte, NC 28215
- COVID-19 Drive-thru Testing at Walgreens — 3080 Milton Rd, Charlotte, NC 28215
- Susan M. Berlin, RPh — 3080 Milton Rd, Charlotte, NC 28215
- Catherine Sibley — 3080 Milton Rd, Charlotte, NC 28215
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7515535
- Latitude
- 35.2475524
