Absolute NNN Automotive
6625 East Independence Boulevard, Charlotte, NC 28212
For Sale
Contact for pricing
Absolute net lease structure with a named automotive tenant and direct access from East Independence Boulevard.
Property Size7,006 SF
Price / SF$552.24
Days on Market99
Property Features for 6625 East Independence Boulevard
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Traffic Count
Road Access
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Aug 6
Changed: Oct 31
Last Checked: Nov 12 at 7:59AM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
Built in 2007, this NNN property is leased to Adams Auto Group under an absolute net lease. The agreement has more than eight years remaining and includes one (1) five (5) year option period.
The property is located at 6625 East Independence Boulevard in Charlotte, North Carolina, with direct accessibility from East Independence Boulevard. The thoroughfare sees over 58,600 VPD, providing a clearly identified access point and measurable traffic exposure for the automotive property.
The property is located at 6625 East Independence Boulevard in Charlotte, North Carolina, with direct accessibility from East Independence Boulevard. The thoroughfare sees over 58,600 VPD, providing a clearly identified access point and measurable traffic exposure for the automotive property.
Key Highlights
- Absolute net lease with Adams Auto Group as the tenant
- 8+ years remaining on the current lease term
- Includes one (1) five (5) year option period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,302
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,040
$2.3M
Cap Rate 7%
$1,675,743
$1.7M
Cap Rate 9%
$1,303,356
$1.3M
Market Conditions
NOI Build-Up for 7,006 SF
Gross rent
$172.3K $24.60/SF
− Vacancy
−$4.8K −$0.68/SF
EGI
$167.6K $23.92/SF
− OpEx
−$50.3K −$7.18/SF
NOI
$117.3K $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 Rate 5%
$2,346,040
Cap Rate 7%
$1,675,743
Cap Rate 9%
$1,303,356
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,302 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$1.02M
$894.2K – $1.19M
NOI $71,533 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,311 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
58,600 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 38%
Home Improvements & Furnishings 5%
Waffle House
Dining
8,781 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
4,524 visits/mo
0.5 miles
Hendrick Porsche
Shops & Services
3,010 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
2,868 visits/mo
0.1 miles
Papa John's Pizza
Dining
2,631 visits/mo
0.2 miles
Demographics for 28212, NC
41,009
Population
17,417
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
4,458
Density / Sq Mi
$51,530
Median Household Income
$35,596
Median Earnings
$1,274
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for NNN properties in Mecklenburg County
Vacancy Rate% for Retail in Charlotte, NC
Frequently Asked Questions
What type of property is this?
NNN property - Absolute net lease structure with a named automotive tenant and direct access from East Independence Boulevard.
Where is this nnn property located?
The property is located at 6625 East Independence Boulevard Charlotte, NC.
What is the asking price?
The asking price for this property is $3,869,000.
What are key features of this property?
This property features: Absolute net lease with Adams Auto Group as the tenant; 8+ years remaining on the current lease term; Includes one (1) five (5) year option period
