2915-2937 Gibbon Rd Charlotte, NC 28269
- Warehouses
- 22,342 SF
- 0.46 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2915-2937 Gibbon Rd
- Lot size
- 0.46 lot acres
- Property size
- 22,342 SF
- Property type
- Warehouses
- Property subtype
- Lifestyle centers
Description
This exceptional investment opportunity presents a stabilized, multi-tenant property encompassing 22,342 square feet of combined retail and industrial space in Charlotte, North Carolina. The property consists of two single-story buildings, totaling 22,342 square feet, situated on a lot ranging from 0.46 to 0.92 acres. Currently boasting 100% occupancy with thirteen tenants, the property generates a strong Net Operating Income (NOI) of $328,213, representing a 7.81% cap rate. Pro-forma NOI is projected at $376,000, yielding an 8.95% cap rate. The property features 13 parking spaces and benefits from recent renovations completed in 2024. The retail component is strategically located in the thriving Sugar Creek area, offering high visibility and easy access to major transportation routes, including proximity to the I-85 and I-77 interchange and approximately 4 miles from Charlotte's central business district. The industrial building complements the retail space, adding to the property's diverse income stream. Annual rent bumps of 3-5% provide further upside potential. This Class C property is offered at $4,200,000, presenting a compelling investment opportunity in a rapidly developing area with significant infrastructure improvements. The property's location at the intersection of Gibbon Road and Nivens Road offers excellent repositioning potential. Detailed financial information and tenant lease details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8067
- Latitude
- 35.3004
