Historical Retail Sale Listing - Charlotte Post Office

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Charlotte, NC or North Carolina

Charlotte Post Office

430 Minuet Lane, Charlotte, NC 28217

N/A

18,842 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
18,842 SF
Property Type:
Retail
Property Sub-type:
Post Office
Additional Sub-types:
Industrial-Business Park
Free Standing Bldg
Retail (Other)
Property Use Type:
Investment
Cap Rate:
6.40%
Occupancy:
100%
Tenancy:
Single
Year Built:
1994
Lot Size:
3.70 AC
Listing ID
14339878
Last Updated
over 1 year ago

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.

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.

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

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

  • Demographics – Population, income & other demographics near 430 Minuet Lane
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

9 Photos
5232 Hovis Rd
5232 Hovis Rd
  • Charlotte, NC
  • $1,000,000
  • 18,730 SF Bldg
2 Photos
CHARLOTTE
CHARLOTTE
  • Charlotte, NC
  • $3,150,000
  • 14,340 SF GLA
9 Photos
Target Plaza
Target Plaza
  • Charlotte, NC
  • $3,300,000
  • 18,444 SF Bldg
3 Photos
Regus Business Center
Regus Business Center
  • Charlotte, NC
  • $5,225,000
  • 18,970 SF Bldg
9 Photos
Independence Dealership
Independence Dealership
  • Charlotte, NC
  • $1,300,000
  • 21,000 SF Bldg
5 Photos
Smith Corners-Ethan All...
Smith Corners-Ethan All...
  • Charlotte, NC
  • Price Not Disclosed
  • 15,408 SF Bldg
2 Photos
TRYON SQUARE
TRYON SQUARE
  • Charlotte, NC
  • $1,880,000
  • 15,000 SF GLA
           
Created 9/19/2005