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    8940 Tryon St Charlotte, NC 28273

    For Sale
    Contact for pricing

    NNN Leased Auto Repair Center, High NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, 4,685 square foot auto repair shop in Charlotte, NC. Located at 8940 S Tryon St, this property benefits from a prime location on a major thoroughfare in the Steele Creek submarket, surrounded by high-volume retail establishments such as Dunkin' Donuts and QuikTrip. The tenant, Eurofed Automotive, a reputable auto repair center specializing in European vehicles, occupies the entire space under a 11-year Net Lease (NNN) agreement commencing June 3, 2024, and expiring June 4, 2035. This provides a stable, long-term income stream with a remaining lease term of 10.5 years. The property boasts a strong Net Operating Income (NOI) of $156,000 and includes 45 parking spaces. The building underwent a complete renovation in 2024, ensuring modern facilities and minimizing landlord responsibilities. The lease includes rent bumps, further enhancing the investment's long-term value. This is a 1031 exchange eligible property, ideal for investors seeking a low-risk, high-reward opportunity in one of North Carolina's fastest-growing cities. The property's irreplaceable location and excellent visibility along a primary commercial corridor make it a truly exceptional investment. The corporate guaranty adds an additional layer of security to this already attractive offering.

    Property Features for 8940 Tryon St

    General Information

    Property type
    Automotive properties

    Building Details

    Year Renovated
    2024

    HighLights

    • 2024 renovation; 11‑year corporate‑guaranteed lease with zero landlord responsibilities.
    • Prime Tryon Street location in Charlotte's Steele Creek submarket.
    • Retail investment opportunity in rapidly growing Charlotte, NC.
    • High‑traffic retail area serving the Steele Creek neighborhood and surrounding communities.
    • Irreplaceable location on a major commercial corridor.
    • Excellent street visibility, frontage, and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eurofed Automotive Auto Repair Shop NTB-National Tire & Battery Tire Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.9385311
    Latitude
    35.1364737

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    FAQs

    What type of property is this?
    Automotive property - NNN Leased Auto Repair Center, High NOI
    Where is this automotive property located?
    The property is located at 8940 Tryon St Charlotte, NC.
    What are key features of this property?
    This property features: 2024 renovation; 11-year corporate-guaranteed lease with zero landlord responsibilities.; Prime Tryon Street location in Charlotte's Steele Creek submarket.; Retail investment opportunity in rapidly growing Charlotte, NC.
    (980) 208-2719
    Request Owner's contact information
    8940 Tryon St Charlotte, NC 28273
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    Charlotte, NC 28273
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8940 Tryon St Charlotte, NC 28273
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