Freestanding Storefront with
For Sale
Contact for pricing
4220 N TRYON ST, Charlotte, NC 28206
Signalized-corner retail building with pylon signage and direct corridor frontage.
Property Size11,364 SF
Lot Size1.77 Acres
Price / SF$281.59
Days on Market51
Property Features for 4220 N TRYON ST
General Information
Standard status
Active
Size
11,364 SF
Lot size
1.77 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Road Access
Yes
Building Details
Year Built
1996
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Regent Commercial Real Estate
Listed By:
Brian Smith · License #NC 270734
(704) 910-9518
Source:
Crexi
Added: Aug 7
Changed: Sep 11
Last Checked: Sep 24 at 9:27AM
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 Regent Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding storefront building contains 11,364 square feet on a 1.77-acre site and was built in 1996. Property features include a drive-through, pylon signage, and frontage along North Tryon Street. The building is positioned at the signalized intersection of North Tryon Street and E. Sugar Creek Road.
The surrounding trade area includes national and regional retailers, restaurants, and daily-needs businesses. The property is presented as suitable for retail, service, medical, or restaurant concepts requiring prominent corridor exposure and convenient access.
The surrounding trade area includes national and regional retailers, restaurants, and daily-needs businesses. The property is presented as suitable for retail, service, medical, or restaurant concepts requiring prominent corridor exposure and convenient access.
Key Highlights
- 11,364 SF freestanding storefront building
- 1.77‑acre lot with direct North Tryon Street frontage
- Signalized corner at North Tryon Street and E. Sugar Creek Road
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
$190,268
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
5.95%
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%
$3,805,360
$3.8M
Cap Rate 7%
$2,718,114
$2.7M
Cap Rate 9%
$2,114,089
$2.1M
Market Conditions
NOI Build-Up for 11,364 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
$279.6K $24.60/SF
− Vacancy
−$7.7K −$0.68/SF
EGI
$271.8K $23.92/SF
− OpEx
−$81.5K −$7.18/SF
NOI
$190.3K $16.74/SF
Area
Charlotte, NC
Vacancy
2.77%
Lease Rate
$24.60 /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%
$3,805,360
Cap Rate 7%
$2,718,114
Cap Rate 9%
$2,114,089
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.17M
NOI $190,268 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.78M
$3.31M – $4.41M
NOI $264,896 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
58k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 34%
Home Improvements & Furnishings 1%
7-Eleven
Shops & Services
10,007 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,830 visits/mo
0.1 miles
Burger King
Dining
7,356 visits/mo
0.5 miles
Taco Bell
Dining
6,597 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
5,676 visits/mo
0.2 miles
Demographics for 28206, NC
14,053
Population
7,094
Households
2
Avg Household Size
33
Median Age
32%
College-Educated
83%
High-School Grad
7.0 sq mi
ZIP Area
2,008
Density / Sq Mi
$51,456
Median Household Income
$42,186
Median Earnings
$1,225
Median Rent
$239,700
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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Similar Off Market Nearby
- Fabiana Florist — 4801 N Tryon St E, Charlotte, NC 28213
- Dear Sunchild — 5038 N Tryon St Suite 110A, Charlotte, NC 28213
- Grace's Florist — 618 W Sugar Creek Rd, Charlotte, NC 28213
Frequently Asked Questions
What type of property is this?
Storefront property - Signalized-corner retail building with pylon signage and direct corridor frontage.
Where is this storefront property located?
The property is located at 4220 N TRYON ST Charlotte, NC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 11,364 SF freestanding storefront building; 1.77‑acre lot with direct North Tryon Street frontage; Signalized corner at North Tryon Street and E. Sugar Creek Road
