3750 Independence Blvd Charlotte, NC 28205-7265
- Grocery and convenience stores
- 3,010 SF
- 1.20 lot acres
Dec 27, 2024
Current Use by Public Records
- 7-Eleven / Convenience Store
- PNC Bank ATM / Atm
Property Details for 3750 Independence Blvd
- Year built
- 2019
- Lot size
- 1.20 lot acres
- Property size
- 3,010 SF
- Zone code
- B-2
- Property type
- Grocery and convenience stores
- APN
- 16101274
- APU
- 16101274
Description
This exceptional investment opportunity presents a fee-simple ownership of a top-performing 7-Eleven convenience store and gas station in Charlotte, North Carolina. Located at 3750 E Independence Blvd, this 3,010 square foot property sits on a 1.2-acre lot and boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease. The 15-year lease, commencing March 1, 2020, and expiring February 28, 2035, has a remaining term of 10.3 years, including four 5-year renewal options. Rent increases of 10% every five years are built into the lease, providing a hedge against inflation and ensuring consistent NOI growth. The property features 12 gas pumps and benefits from a high-traffic location on E Independence Blvd (111,200 vehicles per day), shadow-anchored by a Walmart and situated near other prominent businesses including Starbucks, Bojangles, and Take 5 Car Wash. Its proximity to downtown Charlotte (5 miles) and Novant Health Forsyth Medical Center further enhances its desirability. The property's strong financial performance is evident in its $275,898 net operating income (NOI) and a 5.15% cap rate. Built in 2020, this property offers a management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. The exceptional demographics of the area, with a 5-mile population exceeding 306,649 and an average household income of $111,276, contribute to the property's consistent high performance. This is a rare in-fill location in a thriving market, making it an ideal investment for passive investors seeking strong returns and long-term stability. The asking price is $5,357,243, translating to $1,779.81 per square foot.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,305,000
- ML approach
- $5,305,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,513,000
Market price range: $1.38M - $3.51M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7783
- Latitude
- 35.2006
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
