Single-Tenant Retail Absolute Net
For Sale
Contact for pricing
6445 Old Statesville Road, Charlotte, NC 28269
For sale retail property with an absolute net, corporate lease structure supported by a recent tenant renewal.
Property Size9,267 SF
Price / SF$189.92
Days on Market73
Property Features for 6445 Old Statesville Road
General Information
Standard status
Active
Size
9,267 SF
Total Parking Spaces
37
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$118,844
Building Details
Year Built
2011
Tenancy
Single
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Carl Brendes · License #NC 287166
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Jul 30 at 8:11AM
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 Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
This single-tenant retail storefront property is being offered for sale with an absolute net lease structure and a corporate lease commitment. The public remarks indicate a recent tenant renewal, providing continuity for the current operating arrangement. The offering is presented as an NNN-style asset, aligning expenses and responsibilities with the lease framework.
The property is located at 6445 Old Statesville Road in Charlotte, North Carolina (28269). As a storefront retail asset, it is suited for tenants that want a dedicated retail presence with a lease model designed to shift many property-level obligations to the tenant under an absolute net agreement.
For prospective buyers and brokers, this is a retail asset positioned around an existing, renewed tenant relationship and a corporate lease profile. The absolute net structure can be particularly appealing to ownership groups that prefer a more hands-off operating model tied to lease obligations, while still maintaining ownership of the underlying retail real estate. The property size is 9,267 square feet and is priced for sale at $1,760,000, based on the information provided.
The property is located at 6445 Old Statesville Road in Charlotte, North Carolina (28269). As a storefront retail asset, it is suited for tenants that want a dedicated retail presence with a lease model designed to shift many property-level obligations to the tenant under an absolute net agreement.
For prospective buyers and brokers, this is a retail asset positioned around an existing, renewed tenant relationship and a corporate lease profile. The absolute net structure can be particularly appealing to ownership groups that prefer a more hands-off operating model tied to lease obligations, while still maintaining ownership of the underlying retail real estate. The property size is 9,267 square feet and is priced for sale at $1,760,000, based on the information provided.
Key Highlights
- Built in 2011 retail property
- Absolute net lease structure
- Corporate lease supported by a recent tenant renewal
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
$129,608
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
7.36%
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%
$2,592,160
$2.6M
Cap Rate 7%
$1,851,543
$1.9M
Cap Rate 9%
$1,440,089
$1.4M
Market Conditions
NOI Build-Up for 9,267 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
$200.2K $21.60/SF
− Vacancy
−$15.0K −$1.62/SF
EGI
$185.2K $19.98/SF
− OpEx
−$55.5K −$5.99/SF
NOI
$129.6K $13.99/SF
Area
ZIP 28269
Vacancy
7.50%
Lease Rate
$21.60 /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%
$2,592,160
Cap Rate 7%
$1,851,543
Cap Rate 9%
$1,440,089
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,608 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,171 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 48%
Home Improvements & Furnishings 3%
QuikTrip
Shops & Services
38,227 visits/mo
0.5 miles
McDonald's
Dining
24,805 visits/mo
0.4 miles
Wendy's
Dining
14,403 visits/mo
0.3 miles
Taco Bell
Dining
12,404 visits/mo
0.4 miles
KFC
Dining
11,115 visits/mo
0.4 miles
Demographics for 28269, NC
82,422
Population
33,124
Households
2.5
Avg Household Size
35
Median Age
46%
College-Educated
92%
High-School Grad
30.6 sq mi
ZIP Area
2,694
Density / Sq Mi
$81,063
Median Household Income
$48,045
Median Earnings
$1,607
Median Rent
$300,300
Median Home Value
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail property with an absolute net, corporate lease structure supported by a recent tenant renewal.
Where is this retail space located?
The property is located at 6445 Old Statesville Road Charlotte, NC.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: Built in 2011 retail property; Absolute net lease structure; Corporate lease supported by a recent tenant renewal
