1250 Lucky Penny St Charlotte, NC 28208

This exceptional investment opportunity presents a brand-new, 4,181 square foot Circle K convenience store and gas station located at 1250 Lucky Penny St, Charlotte, NC 28208. Built in 2023, this property boasts a 15-year absolute NNN lease with a franchisee tenant, offering significant long-term stability and minimal landlord responsibilities. The lease includes a 10% rent increase every five years, ensuring consistent growth in income. The property enjoys a prime location directly off I-85 via Exit 34, benefiting from high visibility and significant daily vehicle traffic (117,000 VPD). With a 6.15% cap rate and a strong NOI of $336,000, this asset represents a compelling addition to any portfolio. The property features 16 parking spaces and is situated within a dense retail and industrial corridor, surrounded by major employers, healthcare facilities, and a large student population. The surrounding area exhibits robust population growth and a high average household income, further solidifying the investment's potential. This is a sale for leaseback transaction. The current lease expires on December 31, 2039, with options for 5-year lease extensions.