This Retail Property is Off-Market.

430 Minuet Lane
Charlotte, NC 28217 ·

18,842 SF · Retail For Sale

N/A

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Charlotte Post Office

Price N/A Cap Rate 6.40%
Building Size 18,842 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type
Post Office
More...
  • Industrial-Business Park
  • Free Standing Bldg
  • Retail (Other)
Year Built 1994
Property Use Type Investment Lot Size 3.70 AC
Listing ID: 14339878 Date Created: 09/19/2005 Last Updated: 03/15/2006

Description

Marcus and Millichap is pleased to offer a United States Postal property with a 10 year lease. The subject property is located on 430 Minuet Lane in Charlotte, NC. The building consists of 18,842 net floor space on a total site of 3.7 acres of land. The building is 100% leased to the USPS, with no early termination or purchase options. The landlord is responsible for roof, structural elements of the building and insurance. The USPS is responsible for ordinary repairs, reimburses property taxes and is responsible for general custodial items and utilities. This offering affords the investor the rare opportunity to own a long term leased property with significant cash flow all backed by the full faith and credit of the USPS. The rent bumps 22.5% in the 5 year option period which begins 2014.

This Post Office is ideally situated between two major highways and the international airport, all of which are key to the tenant. Charlotte is the 6th largest trading and wholesale region in the US. The city has numerous headquarters of Fortune 500 companies and the airport is one of the SE region's busiest. Charlotte is also known as the 2nd largest banking center in the nation controlling over $1 trillion in assets.

Highlights

  • 10 Year USPS Lease w/5 year option.
  • Low Rent=upside.
  • 18,842 sqft building on 3.7 acres.
  • 5th largest Urban Region in USA.
  • Ultra Secure and Stable Tenant.
  • Key Facility for USPS.

Research

430 Minuet Lane, Charlotte, NC 28217 (Mecklenburg County)

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