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12723 Albemarle Rd, Charlotte, NC 28227

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$1,850,000
1 day on market
Updated 1 day ago

Valvoline | Ground Lease

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,960
Cap Rate 5.00%
NOI $92,500
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $944
Broker Co-Op True
Year Built 2026
Acreage 0.500
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/01/2026
Ground Lease Yes

Explosive Population Growth | Zero Landlord Responsibilities | Experienced Operator

Investment highlights

• Brand new 2026 construction

• Absolute net ground lease | Zero landlord responsibilities with a new 15-year lease term

• Experienced operator | QAS II, LLC | 200 locations across 13 states | Second largest franchisee of Valvoline

• Explosive population growth within 1-mile | 223.64% from ’10-‘25 | Mint Hill is one of the fastest growing suburban towns within the Charlotte MSA

• Located within a new retail development corridor | Strong tenant demand and continued retailer expansion in the immediate area | Adjacent to brand new Publix anchored shopping center

• Close proximity to new 55+ housing community | 842 single-family homes driving consistent, high-income consumer base

• Great visibility & access from Albermarle Rd | 31,500 VPD

• Attractive population density within a 5-mile radius | 100,658 residents

• Stable projected population growth over the next 5 years | 13.55% growth within a 1-mile radius

• Affluent surrounding area | $118,406 average household income within a 1-mile radius

• Less than 1 mile from Novant Health Mint Hill Medical Center | 36 beds

• 15 minutes from University of North Carolina at Charlotte | 32,200 students

• 5 minutes from Rocky River High School | 1,560 students

• 30 minutes from Charlotte Douglas International Airport | 1,800 flights per day

• Nearby Destination Retailers: Target, Walmart, Food Lion, ALDI, Lowe’s, Home Depot, Chase Bank, Chick-fil-A, Starbucks, Chipotle, McDonald’s, Bojangles, Whataburger, Panda Express, Arby’s, Domino’s, Taco Bell, Zaxby’s, Dunkin, and more

• 25 minutes to Charlotte CBD

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$92,500.00
$7,708.33/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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