12-Year Skyla Credit Union - Charlotte MSA 830 Groves St
2,341 SF Retail Building Lowell, NC 28098 $1,913,000 ($817/SF) 5.75% Cap Rate



INVESTMENT HIGHLIGHTS
- New 12-year absolute NNN lease with rare 12% rent increases
- Signalized corner on large 1.58 acre parcel, minutes to the main Gastonia retail corridor
- 14 minute drive to CLT airport and 25-minute drive to Downtown Charlotte
- Skyla has 19+ branches, manages over $1.5 billion in assets and serves over 105,000 members
- 8 mins to the 476-bed CaroMont Regional Hospital with over 2,500 employees
- 107,000+ population and $101,000+ average household income within 5 miles
EXECUTIVE SUMMARY
TSCG is pleased to offer for sale a new 12-year absolute NNN Skyla Credit Union in Lowell (Charlotte MSA), NC. The Property is situated on the hard signalized corner of Hwy 74 (23,500 VPD) and Groves St on a large 1.58-acre parcel. Skyla is less than two miles from the main Gastonia retail artery anchored by Walmart, Home Depot, Sam’s Club, Target, Academy Sports, Kohl’s, Michaels, Best Buy, Lowe’s and more. Minutes to the site is the 4M+ SF Gateway85 industrial park (Newell Brands recent 1.5M SF facility) and the 476-bed CaroMont Regional Medical Center.
The city of Lowell is adjacent to Gastonia, the 2nd largest satellite city of the Charlotte area. Within 5 miles from the Property, the population is more than 107,000 and the Average Household Income exceeds $101,000. Skyla Credit Union benefits from its proximity to Interstate 85 (139,000 VPD), approximately 9 miles to Charlotte Douglas International Airport and 14 miles to Downtown Charlotte. Skyla Credit Union is one of the largest financial institutions in North Carolina with 19+ branches, 105,000+ members and over $1.5 billion in assets.
The city of Lowell is adjacent to Gastonia, the 2nd largest satellite city of the Charlotte area. Within 5 miles from the Property, the population is more than 107,000 and the Average Household Income exceeds $101,000. Skyla Credit Union benefits from its proximity to Interstate 85 (139,000 VPD), approximately 9 miles to Charlotte Douglas International Airport and 14 miles to Downtown Charlotte. Skyla Credit Union is one of the largest financial institutions in North Carolina with 19+ branches, 105,000+ members and over $1.5 billion in assets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,341 SF
Building Class
B
Year Built/Renovated
1981/2024
Price
$1,913,000
Price Per SF
$817
Cap Rate
5.75%
NOI
$109,998
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.58 AC
Opportunity Zone
Yes
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS




PROPERTY TAXES
Parcel Number | 128776 | Improvements Assessment | $306,380 |
Land Assessment | $482,460 | Total Assessment | $788,840 |