Bank Branch with
For Sale
$6,500,000
435 Trade St, Matthews, NC 28105
Credit union-owned branch offers a leaseback structure and strong near-term occupancy at closing.
Property Size18,316 SF
Days on Market114
Property Features for 435 Trade St
General Information
Standard status
Active
Size
18,316 SF
Class
B
Property subtype
Office
Zoning
B-1 (CD)
Occupancy
89%
Site & Location
Neighborhood
Club View Acres
Building Details
Building Size
18,316 SF
Listing Agency:
The Nichols Company
Listed By:
Will Carlton · License #243947
(704) 749-5733
Source:
Commercialcafe
Added: Jul 3
Changed: Oct 19
Last Checked: Oct 24 at 2:02PM
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
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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 / Yr
$321,225
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Current Use
Lease Details
89%
Occupancy
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
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Market
Vacancy Rate% for Office in South region
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 Trade St 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
