Bank Branch with
For Sale
Contact for pricing
435 N Trade Street, Matthews, NC 28105
Credit union-owned branch offers a leaseback structure and strong near-term occupancy at closing.
Property Size18,316 SF
Price / SF$354.88
Days on Market52
Property Features for 435 N Trade Street
General Information
Standard status
Active
Size
18,316 SF
Class
B
Property subtype
Retail, Office, Mixed Use
Zoning
B-1 (CD)
Occupancy
89%
Investment Type
Value Add
Net Operating Income
$408,066
Building Details
Year Built
2016
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
The Nichols Company
(704) 274-1224
Listed By:
Will Carlton · License #NC 243947
Source:
Crexi
Added: Jun 30
Changed: Aug 16
Last Checked: Aug 20 at 12:06AM
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 The Nichols Company
Investment Insights
Based on property information with market context.
435 N Trade Street is a credit union–owned bank branch building with a mixed-use tenant mix. The asset is described as 89% occupied at closing, with an approximately four-year weighted average tenant lease (WALT).
The property is located in Matthews, North Carolina, a suburb of Charlotte. The public remarks describe the area as walkable to historic downtown Matthews and surrounded by amenities.
Skyla Credit Union owns the building and is willing to lease back the branch for a six-year term at closing, providing credit-backed income alongside the existing in-place tenants. For buyers seeking a bank-related asset with ongoing occupancy and a signed leaseback at closing, this structure may offer a straightforward operating profile based on the terms described in the offering remarks.
The property is located in Matthews, North Carolina, a suburb of Charlotte. The public remarks describe the area as walkable to historic downtown Matthews and surrounded by amenities.
Skyla Credit Union owns the building and is willing to lease back the branch for a six-year term at closing, providing credit-backed income alongside the existing in-place tenants. For buyers seeking a bank-related asset with ongoing occupancy and a signed leaseback at closing, this structure may offer a straightforward operating profile based on the terms described in the offering remarks.
Key Highlights
- 2016‑built credit union‑owned branch property
- 89% occupied at closing with WALT of approximately 4 years
- Skyla Credit Union leaseback: 6‑year lease at closing
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
$321,225
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
4.94%
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%
$6,424,500
$6.4M
Cap Rate 7%
$4,588,929
$4.6M
Cap Rate 9%
$3,569,167
$3.6M
Market Conditions
NOI Build-Up for 18,316 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
$476.9K $26.04/SF
− Vacancy
−$48.6K −$2.66/SF
EGI
$428.3K $23.38/SF
− OpEx
−$107.1K −$5.85/SF
NOI
$321.2K $17.54/SF
Area
Mecklenburg County, NC
Vacancy
10.20%
Lease Rate
$26.04 /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%
$6,424,500
Cap Rate 7%
$4,588,929
Cap Rate 9%
$3,569,167
Alternative Uses
Best Use
Office B
$4.59M
$4.02M – $5.35M
NOI $321,225 @ 7.0% cap · market cap 4.94%
Second Best
Specialty Retail
$3.85M
$3.37M – $4.50M
NOI $269,726 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$5.92M
$5.18M – $6.90M
NOI $414,289 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 28105, NC
44,085
Population
17,906
Households
2.5
Avg Household Size
41
Median Age
52%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
1,900
Density / Sq Mi
$104,242
Median Household Income
$52,175
Median Earnings
$1,663
Median Rent
$389,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Credit union-owned branch offers a leaseback structure and strong near-term occupancy at closing.
Where is this mixed-use property located?
The property is located at 435 N Trade Street Matthews, NC.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 2016‑built credit union‑owned branch property; 89% occupied at closing with WALT of approximately 4 years; Skyla Credit Union leaseback: 6‑year lease at closing
