2741 Sugar Creek Rd, Charlotte, NC 28262

This 5,802 square foot shopping center in Charlotte, NC presents a compelling value-add opportunity. Located at 2741 W Sugar Creek Rd in the rapidly developing Derita area, this single-story, 1965-built property sits on a 0.432-acre lot and is zoned B-2. Currently housing four tenants, the property generates an annual net operating income (NOI) of $48,000, representing a 4.36% capitalization rate. However, a pro-forma analysis suggests a significant upside. With current rents averaging approximately $8.50 per square foot, repositioning the property to market rents of $15 per square foot could yield a pro-forma NOI of $87,030 and a 7.91% cap rate. The asking price is $1,100,000, or $189.59 per square foot. The property features a modified lease structure and is suitable for owner-user investment. Potential buyers are encouraged to conduct their own due diligence and financial projections. This property offers significant potential for increased profitability in a high-growth area. The property's current income stream provides a solid foundation for future value appreciation.