Absolute Net Convenience
7988 US-52 Morven, NC 28119
7988 US-52, Morven, NC, 28119
Contact for pricing
For Sale
Contact for pricing
For sale convenience retail property offered on an absolute net lease basis in the Charlotte, NC MSA.
Property Size10,640 SF
Price / SF$227.31
Days on Market48
Property Features for 7988 US-52
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agency
Stonecliff
(980) 613-4890
Listed by
Ryan Eklund · License #NC 286222
Source
Crexi
Added: Jun 4 Updated: Jul 21 at 7:36AM Checked: Jul 21 at 7:36AM
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
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.
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
Local Financial Insights For Specialty 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 | $223.4k | $21.00 |
| − Vacancy | −$14.5k | −$1.37 |
| EGI | $208.9k | $19.64 |
| − OpEx | −$52.2k | −$4.91 |
| NOI | $156.7k | $14.73 |
10,640 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,687 @ 7.0% cap · market cap 6.48%
Second Best
Retail
$1.87M
$1.63M – $2.18M
NOI $130,623 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,420 @ 7.0% cap · market cap 9.69%
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?
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 $2,418,576.
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
