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Property profile & analytics
FOR LEASE
Grocery and convenience stores

7323 E Independence Blvd Charlotte, NC 28227

119,243 SF 13.58 ac lot Built 1988
Entity Owned 13-yr Hold Free & Clear
Property ID
US53-1436194
Property summary
AI-generated overview

This exceptional retail opportunity is located at 7323 E Independence Blvd in Charlotte, Mecklenburg County, NC, zip code 28227. The property, known as Independence Square, is a single-suite retail building totaling 139,361 square feet. Currently, there is 2,106 square feet of vacant space available for lease. This prime location benefits from Charlotte's robust economic growth, consistently ranked among the nation's top destinations and boasting a rapidly expanding job market. With over 2.7 million residents in the metropolitan area, the location offers a large potential customer base. Charlotte's strategic location provides easy access to both the Appalachian Mountains and the Atlantic Ocean, enhancing its appeal as a desirable place to live and work. The city's convenient access to Charlotte Douglas International Airport, with over 700 daily nonstop flights to 165 destinations, further strengthens its connectivity and accessibility. This retail space presents a unique opportunity to establish or expand a business within a thriving and dynamic urban environment. The property's size and location make it ideal for a variety of retail uses. Serious inquiries are encouraged to explore this exceptional retail space.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1988
Total area 119,243 SF
Lot 13.58 ac (591,588 SF)
Zoning code B1SCD
APN 16516119
UPID US53-1436194
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Korean Restaurant Restaurant
  • Honey Bun's Cafeteria Restaurant
  • Super G Mart Charlotte Specialty Food Shop Supermarket
  • Hong kong Bakery Bakery Specialty Food Shop
  • Redi Recreational Cannabis Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$22.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$17.29M
Owner & transaction history
Suso 2 Independence LP · 13 yrs held
Suso 2 Independence LP
since 2013
5 recorded transactions
2014
Price N/A
2013
$16.1M
2011
$8.5M
1993
$9.0M
1969
Price N/A
Zoning & alternative use
B1SCD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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