7532 Tryon St Charlotte, NC 28217-3302
Property profile & analytics
7532 Tryon St Charlotte, NC 28217-3302
- Retail space
- 7,544 SF
- 1.58 lot acres
Property ID
US53-4686423
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
- O'Reilly Auto Parts / Auto Parts Store
Property Details for 7532 Tryon St
- Year built
- 2020
- Lot size
- 1.58 lot acres
- Property size
- 7,544 SF
- Property type
- Retail space
- APN
- 20137148
- APU
- 20137148
Description
This exceptional investment opportunity presents a fee-simple interest in a Class A, 7,584-square-foot O'Reilly Auto Parts store situated on a sizable 1.58-acre lot in Charlotte, NC. Built in 2020, the property boasts upgraded brick and stucco construction, architectural lighting, and a concrete parking lot. The 15-year net lease (NN+), with corporate guarantee from O'Reilly Auto Parts, commenced September 1, 2020, and expires August 31, 2035, leaving a substantial 10.8 years remaining. The lease includes four, five-year options with a 6% rent increase in year 11 and within each option period. The property enjoys a prime location on South Tryon Street, a major retail thoroughfare with over 35,000 vehicles passing daily, and benefits from proximity to Interstate 485 and Interstate 77, placing it within easy reach of Uptown Charlotte. Strong surrounding tenancy includes Publix, Lowe's, Walmart, and other national retailers. The property's high visibility, substantial lot size (allowing for future development), and investment-grade tenant make this a compelling offering with a current NOI of $148,026 and a 5.25% cap rate. The landlord is responsible for roof, structure, and parking lot replacement. The building features a 25-year transferable roof warranty.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,400,000
- ML approach
- $2,395,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,105,000
- 6.5%
- $1,945,000
- 7%
- $1,805,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,860,000 Current use
- OFFICE BUILDING
- $3,365,000 Change: +18% Conversion: Easy
- MEDICAL BUILDING
- $3,040,000 Change: +6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.9257
- Latitude
- 35.1497
- 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
$16,445
$1,233,300
$1,008,700
$2,242,000
-
$1,233,300
$1,008,700
$2,242,000
