2625 New Hope Rd, Gastonia, NC 28056-2200

Exceptional investment opportunity featuring a 5,000-square-foot Sherwin-Williams Paint Store in Gastonia, North Carolina. This Class A, free-standing retail building, constructed in 2008, sits on a 0.81-acre lot and boasts a strong 100% occupancy rate. The property is situated as an outparcel to the Food Lion-anchored Redbud Shopping Center, benefiting from high visibility at the intersection of Redbud Drive and S. New Hope Road. The current lease, with a tenant possessing a strong credit rating, extends until August 31, 2028, and includes three five-year renewal options, extending the lease to 2043. Rent is currently $102,345 annually, generating a substantial Net Operating Income (NOI) of $98,000 and a 6.20% capitalization rate. The lease incorporates 10% rent increases per option period, ensuring consistent income growth. The tenant covers all increases in property taxes and insurance above established cost stops, minimizing landlord expenses. The property is zoned GC and offers a compelling combination of strong tenant, long-term lease, and attractive financial metrics. This is a rare opportunity to acquire a high-quality, net-leased retail property in a desirable location within the Charlotte MSA. The asking price is $1,575,000, representing a price per square foot of $315.