11431 Tryon St Charlotte, NC 28262
Property profile & analytics
11431 Tryon St Charlotte, NC 28262
- Commercial land
- 1,120 SF
- 1.01 lot acres
Property ID
US53-5805267
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 11431 Tryon St
- Year built
- 1940
- Lot size
- 1.01 lot acres
- Property size
- 1,120 SF
- Zone code
- NS
- Property type
- Commercial land
- APN
- 2905217
- APU
- 2905217
Description
This exceptional investment opportunity presents a brand-new, 2,570 square foot Starbucks located at 11431 N Tryon St, Charlotte, NC 28262. Built in 2025, this Class A property boasts a strong 10-year net lease with Starbucks Corporation, a credit-rated tenant with a Baa2/BBB+ rating. The lease commenced February 1, 2025, and expires January 31, 2035, offering a remaining term of 10.2 years. The property features a 6.00% cap rate and a Net Operating Income (NOI) of $179,000. Situated on a 1.01-acre lot with 20 parking spaces, this single-tenant building benefits from a prime location with high visibility at a signalized corner intersection of N Tryon St and Pavilion Blvd, experiencing a combined 46,500 vehicles per day. The property is conveniently located 0.25 miles from I-485 (96,500 VPD) and 1 mile from I-85 (134,000 VPD), providing excellent accessibility. The surrounding area demonstrates robust growth, with a 52.83% population increase from 2010-2024 within a 3-mile radius and an affluent demographic boasting an average household income of $108,218 within a 5-mile radius. Nearby amenities include the Shoppes at Mallard Creek, a Walmart Neighborhood Market, PNC Music Pavilion, Atrium Health University City Hospital, and the University of North Carolina Charlotte. The lease includes flat rent for the initial term with a 10% increase in each option period (6, 5-year options). This is a rare opportunity to acquire a high-performing, investment-grade asset in a rapidly growing market. The asking price is $2,983,000.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7157
- Latitude
- 35.3359
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,132
$699,700
$0.00
$699,700
-
$699,700
$0.00
$699,700
