Building Details

Year Built 2025

Buildings 1

Units 1

Tenancy Single

Listing Agency: Stonecliff

Listed By: Ryan Eklund · License #NC 286222 Show Phone

Source: Crexi

Added: Jun 4 Changed: Oct 14 Last Checked: Oct 19 at 7:32AM

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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 Stonecliff

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This is a convenience retail storefront property offered for sale on an absolute net lease basis. The listing is categorized as a grocery and convenience store and is set up as a single investment offering.

The property is located at 7988 US-52 in Morven, NC 28119, within the Charlotte, NC MSA. The building size is listed at 10,640 square feet, per the provided information.

Key Highlights

• Built in 2025
• Offered as an absolute net lease
• Convenience retail property in the Charlotte, NC MSA

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$156,687

Cap Rate

6.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,133,740 $3.1M

Cap Rate 7%

$2,238,386 $2.2M

Cap Rate 9%

$1,740,967 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,640 SF

Gross rent

$223.4K $21.00/SF

− Vacancy

−$14.5K −$1.37/SF

EGI

$208.9K $19.64/SF

− OpEx

−$52.2K −$4.91/SF

NOI

$156.7K $14.73/SF

Area

Anson County, NC

Vacancy

6.50%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,133,740

Cap Rate 7%

$2,238,386

Cap Rate 9%

$1,740,967

Alternative Uses

Best Use

Specialty Retail

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,687 @ 7.0% cap · market cap 6.60%

Second Best

Retail

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,623 @ 7.0% cap · market cap 5.50%

Theoretical Best

Office A

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,420 @ 7.0% cap · market cap 9.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Bakery Garden Center Carpet & Flooring Store Grocery & Convenience Store Real Estate Agency Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

2,700 visits/mo 0.2 miles

Demographics for 28119, NC

2,044

Population

1,306

Households

1.6

Avg Household Size

46

Median Age

6%

College-Educated

80%

High-School Grad

66.9 sq mi

ZIP Area

31

Density / Sq Mi

$38,444

Median Household Income

$23,476

Median Earnings

$858

Median Rent

$100,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - For sale convenience retail property offered on an absolute net lease basis in the Charlotte, NC MSA.

Where is this grocery and convenience store located?

The property is located at 7988 US-52 Morven, NC.

What is the asking price?

The asking price for this property is $2,375,433.

What are key features of this property?

This property features: Built in 2025; Offered as an absolute net lease; Convenience retail property in the Charlotte, NC MSA