2932 Mt Holly-Huntersville Rd Charlotte, NC 28214

Property Details for 2932 Mt Holly-Huntersville Rd

Year built

1979

Lot size

0.86 lot acres

Property size

2,406 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station located at 2932 Mt. Holly-Huntersville Rd, Charlotte, NC 28214. The property boasts 2,406 square feet on a 0.86-acre lot, built in 1979 and renovated in 2012. It features a 100% occupancy rate under an absolute NNN lease with 7-Eleven, a globally recognized brand with an S&P rating of AA-. The current lease, commenced February 5, 2012, has a remaining term of approximately 2.3 years, followed by four 5-year options. Rent increases by 10% every 5 years. The property generates a strong NOI of $170,610, resulting in a 6.35% cap rate and a price per square foot of $1,116.70. The asking price is $2,686,771. The location benefits from high traffic counts exceeding 30,500 vehicles daily, excellent visibility, and proximity to numerous amenities including major employers, colleges (Gaston College, Belmont Abbey College, Central Piedmont Community College), and a large regional medical center (CaroMont Regional Medical Center). Several apartment complexes are also nearby, contributing to a strong customer base. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving market.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Longitude

-80.9525

Latitude

35.3203