Retail Space on Independence Blvd

7511 E Independence Blvd, Charlotte, NC

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For Sale

Contact for pricing

Retail space for sale on a highly traveled highway.

Type:RETAIL

Property size:

8,784 SF

Lot size:

0.77 Acres

Price / SF:

$284/SF

HighLights

Located on highly traveled E. Independence Blvd.
+/- 8,784 SF retail space.
Adjacent to Independence Square (anchored by Super G Mart, Harbor Freight Tools, and Rugged Wearhouse).
Currently owner‑occupied.
Existing high‑end automotive sales and service business (Formula One Imports).
For sale.

We can help!

Listing Contact

John L Nichols

For Sale

Contact for pricing

Retail space for sale on a highly traveled highway.

Type:RETAIL

Property size:

8,784 SF

Lot size:

0.77 Acres

Price / SF:

$284/SF

Added:: Dec 4, 2019
Days on Market:: 2387
Last Refresh:: May 20 at 8:48 pm

Property Features for 7511 E Independence Blvd

General Information

Standard status: Active
Size: 8,784 SF
Lot size: 0.77 Acres
Property subtype: RETAIL

We can help!

Listing Contact

John L Nichols

Listing agent John L Nichols License #179082

Listing office The Nichols Company

Listing date Dec 4, 2019

Source Moodyscre

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

HighLights

Located on highly traveled E. Independence Blvd.
+/- 8,784 SF retail space.
Adjacent to Independence Square (anchored by Super G Mart, Harbor Freight Tools, and Rugged Wearhouse).
Currently owner‑occupied.
Existing high‑end automotive sales and service business (Formula One Imports).
For sale.

Overview

Located along E. Independence Blvd, this approximately 8,784 square foot retail space is for sale adjacent to Independence Square, which is anchored by Super G Mart, Harbor Freight Tools, and Rugged Wearhouse. The building is located on a highly traveled highway and is currently owner-occupied by Formula One Imports, a high-end automotive sales and service business. The property is suitable for automotive and retail purposes, including use as an auto shop.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$216.1k	$24.60
− Vacancy	−$6.0k	−$0.68
EGI	$210.1k	$23.92
− OpEx	−$63.0k	−$7.18
NOI	$147.1k	$16.74

8,784 SF · lease $24.60/SF/yr · vacancy 2.77% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $147,071 @ 7.0% cap · market cap 5.89%

Second Best

Industrial

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,686 @ 7.0% cap · market cap 3.59%

Theoretical Best

Office A

$2.93M

$2.56M – $3.41M (±1% cap)

NOI $204,756 @ 7.0% cap · market cap 8.21%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Alex Buys Cars Car Dealership Formula Imports Car Dealership Icon Golf Carts ... Golf Cart Dealer

Suggested Use

Similar Places Nearby

Enterprise Rent-A-Car — 6541 E Independence Blvd, Charlotte, NC 28212
Level Up Rent A Car — E Independence Blvd, Charlotte, NC 28212
U-Haul Neighborhood Dealer — 8539 Monroe Rd, Charlotte, NC 28212
Propane Refill at U-Haul — 6601 E Independence Blvd, Charlotte, NC 28212
Trailer Rental at U-Haul — 6601 E Independence Blvd, Charlotte, NC 28212

Location Insight

Map
Local Demand

City: Charlotte
County: Mecklenburg
State: North Carolina
Longitude: -80.7367
Latitude: 35.1608

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For sale
Automotive properties
NC
Charlotte
7511 E Independence Blvd

What type of property is this?

Automotive property - Retail space for sale on a highly traveled highway.

Where is this automotive property located?

The property is located at 7511 E Independence Blvd Charlotte, NC.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: Located on highly traveled E. Independence Blvd.; +/- 8,784 SF retail space.; Adjacent to Independence Square (anchored by Super G Mart, Harbor Freight Tools, and Rugged Wearhouse).

7511 E Independence Blvd, Charlotte, NC

Retail space for sale on a highly traveled highway.

Property Features for 7511 E Independence Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

University City Office Investment Package

Retail Buildings in Charlotte, NC

Versatile Condo in Prime Location

Flexible Office Building with Parking

Contemporary Duplex with Private Garages

Well-Maintained Duplex with Separate Driveways

Corner Lot Duplex Townhomes

East Charlotte Duplex Investment Opportunity

Duet-Style New Construction Townhome

Duplex with Private Yards

New Construction Duplex Near Uptown

Retail Greenhouse Property

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