Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Dutch Crk Dr
- Year built
- 2024
- Lot size
- 0.96 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a newly constructed (2024) Harris Teeter Fuel station in the Charlotte MSA, located on Dutch Crk Dr in Mecklenburg County, NC (zip code 28215). The property boasts a 0.957-acre lot and features 10 gas pumps. This is a single-tenant, absolute NNN ground lease with a corporate guarantee from Harris Teeter, offering significant financial stability. The lease term is 20 years with a remaining term of 20 years, and includes 10% rent bumps every 10 years throughout the base term. Six 5-year options are also included, with rent increases in each option period. The property's current NOI is $75,000, resulting in a 5.00% cap rate. The asking price is $1,500,000. Situated within the Farmington mixed-use center, the largest between Mint Hill and Concord, this property benefits from high visibility and strong traffic flow. The permitted zoning is PUD. This is a truly passive investment opportunity with exceptional long-term potential.
Value Estimations
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AI approach
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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
- -80.6729
- Latitude
- 35.2865
