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8940 Tryon St Charlotte, NC 28273

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NNN Leased Auto Repair Center, High NOI

Property Features for 8940 Tryon St

General Information

Property type
Automotive properties

Building Details

Year Renovated
2024

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Listing Contact
Roosevelt Saint Louis
Roosevelt Saint Louis

Listing Agency: Saint Louis Properties Carolinas, LLC Listing Agent: Roosevelt Saint Louis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Eurofed Automotive Auto Repair Shop NTB-National Tire & Battery (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

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 Call to check price and availability
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