
2396 E. Franklin Boulevard
2396 E. Franklin Boulevard, Gastonia, NC 28054
Marketing description
Elevate Eyecare, a national optometry operator with locations across North Carolina, South Carolina, Georgia, Colorado, Minnesota, Iowa, Tennessee, Alaska and Illinois, entered into a Ten (10) Year NNN lease that originated on December 15, 2026 at this highly trafficked location along E. Franklin Blvd (NC Hwy 29-74) in Gastonia, NC.
This investment opportunity provides an excellent opportunity for an economical entry into a Commercial Real Estate Investment or IRC Section 1031 Exchange.
The property has a strong lease agreement with tzvecl management of co, LLC, a Colorado limited liability company that includes a base term of 10 years and (1) 5-year option at the then fair market value. Additionally, the lease has 3.00% annual rent increases, leading to a 33% growth in NOI during the base term. This provides a stable and predictable source of income for the owner, making it an attractive investment opportunity.
The property lease is an NNN lease where the Tenant is responsible for maintenance, taxes, and insurance costs associated with the property. The Landlord is responsible for Roof Maintenance/Replacement, HVAC Replacement, Structural Components and Parking Lot.
Investment highlights
- First Year NOI: $110,004.00
- Capitalization Rate: 6.75%
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