Listed by MPV Properties
$1,325,000
2610 W. Sugar Creek Road
Details
Property Type Retail
Sub Type Bank
Square Footage 3,065
NOI $62,805
Tenancy Single
Brand/Tenant Wells Fargo
Lease Type Absolute NNN
Lease Expiration 08/30/2030
Rent Bumps Yes
Lease Options Two, 5-year renewal options remaining. Rent increases 110% at the start of each renewal.
Acreage 1.200
Investment Type Net Lease
2610 West Sugar Creek Road, Charlotte, NC 28262
Marketing description
Wells Fargo Bank Branch For Sale in Northeast Charlotte
Investment highlights
- Wells Fargo bank branch located off W. Sugar Creek Road
- Annual Lease Rate of $62,805 is significantly below market (+-$20.50/SF assuming 3,065 SF)
- Lease Structure: Absolute NNN - No landlord responsibilities.
- Lease Term: Expires 8/31/2030
- Two, 5-year renewal options remaining. Rent increases 110% at the start of each renewal.
- Located .25 mi from future Derita stop on Red Line Commuter Rail that will connect Uptown to Huntersville, Davidson and Mooresville.
Listing Contacts
Listed by MPV Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,805.00
$5,233.75/mo
Valuation Metrics
0
DSCR
4.74%
Cap Rate
4.74%
ROI
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