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: Aug 26 Last Checked: Sep 1 at 9:45AM

Report an Issue

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.

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 = 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

$156,687

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

6.60%

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%

$3,133,740 $3.1M

Cap Rate 7%

$2,238,386 $2.2M

Cap Rate 9%

$1,740,967 $1.7M

Market Conditions

NOI Build-Up for 10,640 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

$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 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%

$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.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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