Drive-Through QSR
For Sale
Contact for pricing
1930 Sardis Rd N, Charlotte, NC 28270
Well-maintained 2004-built QSR building with drive-thru and ample on-site parking in a shopping center setting.
Property Size3,521 SF
Lot Size1.00 Acre
Price / SF$539.62
Days on Market243
Property Features for 1930 Sardis Rd N
General Information
Standard status
Active
Size
3,521 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Zoning
CC
Building Details
Year Built
2004
Listing Agency:
Queen City Commercial, LLC
Listed By:
Shawn George · License #274896
(704) 503-9608
Source:
Moodyscre
Added: Jan 13
Changed: Sep 2
Last Checked: Sep 13 at 6:09AM
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 Queen City Commercial, LLC
Investment Insights
Based on property information with market context.
This for-sale drive-through QSR building offers a built-in configuration for quick-service restaurant use, supported by a well-maintained lot with plentiful parking. The property includes a 3,500+ square foot building constructed in 2004 and sits on approximately one acre of CC zoned land.
The building is located within Charlotte’s Galleria Shopping Center and is surrounded by established retail, with nearby and adjacent tenants including Steak N Shake, Taco Bell, and Walmart.
The property is presented in very good condition and is listed for sale and for lease. For additional details or to schedule a showing, contact the listing broker.
The building is located within Charlotte’s Galleria Shopping Center and is surrounded by established retail, with nearby and adjacent tenants including Steak N Shake, Taco Bell, and Walmart.
The property is presented in very good condition and is listed for sale and for lease. For additional details or to schedule a showing, contact the listing broker.
Key Highlights
- 3,500+ SF QSR building built in 2004 within Charlotte's Galleria Shopping Center
- Drive‑thru QSR setup with a well‑maintained, CC‑zoned site on approximately 1 acre
- Plentiful on‑site parking for customer access
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
$67,973
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
3.58%
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%
$1,359,460
$1.4M
Cap Rate 7%
$971,043
$971.0K
Cap Rate 9%
$755,256
$755.3K
Market Conditions
NOI Build-Up for 3,521 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
$93.0K $26.40/SF
− Vacancy
−$2.3K −$0.66/SF
EGI
$90.6K $25.74/SF
− OpEx
−$22.7K −$6.44/SF
NOI
$68.0K $19.31/SF
Area
Charlotte, NC
Vacancy
2.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,359,460
Cap Rate 7%
$971,043
Cap Rate 9%
$755,256
Alternative Uses
Best Use
Specialty Retail
$971.0K
$849.7K – $1.13M
NOI $67,973 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,075 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
429k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Shops & Services 23%
Dining 20%
Groceries 12%
Walmart
Superstores
123,160 visits/mo
0.1 miles
Cinemark Bistro Charlotte
Leisure
40,311 visits/mo
0.5 miles
Dollar Tree
Shops & Services
30,655 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
25,798 visits/mo
0.4 miles
Cook Out
Dining
24,423 visits/mo
0.1 miles
Demographics for 28270, NC
34,613
Population
12,653
Households
2.7
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
12.4 sq mi
ZIP Area
2,791
Density / Sq Mi
$128,660
Median Household Income
$61,450
Median Earnings
$1,662
Median Rent
$543,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Well-maintained 2004-built QSR building with drive-thru and ample on-site parking in a shopping center setting.
Where is this drive through restaurant located?
The property is located at 1930 Sardis Rd N Charlotte, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 3,500+ SF QSR building built in 2004 within Charlotte's Galleria Shopping Center; Drive‑thru QSR setup with a well‑maintained, CC‑zoned site on approximately 1 acre; Plentiful on‑site parking for customer access
