8940 Tryon St Charlotte, NC 28273

Property Details for 8940 Tryon St

Year built

2002

Lot size

1.15 lot acres

Property size

4,685 SF

Zone code

B-1

Property type

Auto shops

APN

20103129

APU

20103129

Description

This exceptional investment opportunity presents a fully leased, 4,685 square foot auto repair shop in Charlotte, NC. Located at 8940 S Tryon St, this property benefits from a prime location on a major thoroughfare in the Steele Creek submarket, surrounded by high-volume retail establishments such as Dunkin' Donuts and QuikTrip. The tenant, Eurofed Automotive, a reputable auto repair center specializing in European vehicles, occupies the entire space under a 11-year Net Lease (NNN) agreement commencing June 3, 2024, and expiring June 4, 2035. This provides a stable, long-term income stream with a remaining lease term of 10.5 years. The property boasts a strong Net Operating Income (NOI) of $156,000 and includes 45 parking spaces. The building underwent a complete renovation in 2024, ensuring modern facilities and minimizing landlord responsibilities. The lease includes rent bumps, further enhancing the investment's long-term value. This is a 1031 exchange eligible property, ideal for investors seeking a low-risk, high-reward opportunity in one of North Carolina's fastest-growing cities. The property's irreplaceable location and excellent visibility along a primary commercial corridor make it a truly exceptional investment. The corporate guaranty adds an additional layer of security to this already attractive offering.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Longitude

-80.9387

Latitude

35.1364

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments