Absolute NNN Retail
5774 Wylie Ave Hickory Grove, SC 29717
5774 Wylie Ave, Hickory Grove, SC, 29717
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For Sale
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Absolute NNN retail asset positioned along Wylie Avenue with no grocery in the immediate trade area.
Property Size9,100 SF
Price / SF$222.86
Days on Market100
Property Features for 5774 Wylie Ave
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agency
Oswald Cooke & Associates
Listed by
Catherine Vaughn · License #SC 92715
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 4:33PM Checked: Jul 22 at 7:15AM
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 Oswald Cooke & Associates
Investment Insights
Based on property information with market context.
This for-sale retail property is offered on an Absolute NNN basis. The offering is described as specialty/grocery and convenience-oriented retail within the broader retail space category, with consistent population growth referenced in the marketing materials.
The site is located in York County in northern South Carolina along the North Carolina border and is part of the Charlotte MSA. The property is positioned to serve traffic tied to “going home” routes along Wylie Avenue, providing access to an expansive rural residential area. The remarks also indicate no grocery within the trade area.
The provided information cites population growth of 1.38% within a 5-mile area and 5% increases every five years throughout the lease, supporting the stated demand profile.
The site is located in York County in northern South Carolina along the North Carolina border and is part of the Charlotte MSA. The property is positioned to serve traffic tied to “going home” routes along Wylie Avenue, providing access to an expansive rural residential area. The remarks also indicate no grocery within the trade area.
The provided information cites population growth of 1.38% within a 5-mile area and 5% increases every five years throughout the lease, supporting the stated demand profile.
Key Highlights
- Year built: 2026
- Absolute NNN retail asset
- Located along Wylie Avenue in York County, South Carolina (Charlotte MSA)
Local Financial Insights For 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 | $182.4k | $20.04 |
| − Vacancy | −$6.6k | −$0.72 |
| EGI | $175.8k | $19.32 |
| − OpEx | −$52.7k | −$5.80 |
| NOI | $123.1k | $13.52 |
9,100 SF · lease $20.04/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,059 @ 7.0% cap · market cap 6.07%
Second Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,412 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,797 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
NNN property - Absolute NNN retail asset positioned along Wylie Avenue with no grocery in the immediate trade area.
Where is this nnn property located?
The property is located at 5774 Wylie Ave Hickory Grove, SC.
What is the asking price?
The asking price for this property is $2,028,000.
What are key features of this property?
This property features: Year built: 2026; Absolute NNN retail asset; Located along Wylie Avenue in York County, South Carolina (Charlotte MSA)
