8716 South Tryon Street | Charlotte, NC 28273
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- LoopNet Team
8716 South Tryon Street
Charlotte, NC 28273
Retail Property For Sale
Investment Highlights
- Passive Income - Absolute NNN Ground Lease | No Landlord responsibilities
- Dense and Affluent Demographics - Over 144,000 people located within a 5-mile radius | Average Household Income of over $84,000 within a 5-mile radius
- Favorable Rental Increases - 10% rental increases every 5 years and at each renewal option providing a great hedge against inflation
- Excellent Exposure on Heavily Trafficked Road - S Tryon Street (50,000 VPD) | Just 0.5 miles off of Exit #1 on I-485 (124,000 VPD)
- Strong Surrounding Economic Divers - Across the street from the Ayrsley development featuring retail, office, mixed use, 1,500+ employees, 5 apartment
- Strong and Rapidly Growing Brand - Driven Brands (Take 5’s parent company) is the largest aftermarket automotive service operator in the U.S.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,700 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.50 AC
Zoning
C
Parking
15 Spaces (8.82 Spaces per 1,000 SF Leased)
Frontage
142 FT on S Tryon
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,624,200 | |
| Land Assessment | $2,977,300 | Total Assessment | $4,601,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,977,300
Improvements Assessment
$1,624,200
Total Assessment
$4,601,500
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