3750 Independence Blvd Charlotte, NC 28205-7265

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.

Location Insight

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

Property Tax & Assessments