Pinnacle Bank – Archdale NC
113 Trindale Road, Archdale, NC, 27263, US
R 42,604,000 | 483 m²
Description
The 7-Eleven is positioned roughly six miles north of Uptown Charlotte on a hard corner, signalized intersection of a where U.S. 21 meets Sunset Road and Old Statesville Road, carrying a combined 82,000 vehicles per day. Sunset Road ties directly into the adjacent interchange at I-77 Exit 16, which carries an additional 126,000 VPD, giving 7-Eleven exposure to commuters traveling to and from Uptown, drivers coming off the highway, and local trips along both corridors.
NC Broker of Record: Pete Pitroff - License #: 163984
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Attributes
Asking price
R 35,166,000
Cap rate
6%
NOI
R 2,110,000
WAULT
5.4 years
Building area net
169 m²
Year built
1988
Land area gross
0.37 ha
Media
Investment Highlights
- Bonus depreciation eligible (check with your CPA)
- Worlds largest convenience store chain with investment grade 'A' credit rating
- Hard corner, signalized intersection with 82,000 VPD
- ±5.4 Years of lease term remaining with rent escalations
- Absolute NNN - Zero landlord responsibilities
- 40% Population growth since 2010 within a 1-mile radius
- Just off I-77 Exit 16, which carries an additional 126,000 VPD
Contact brokers
7-Eleven - Charlotte, NC (6401 Old Statesville Rd) (0 Properties)
