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Investment Highlights
- NNN Single-Tenant Retail Investment
- Little to No Capital Improvements Needed
- Downtown Gastonia
Executive Summary
108 E. Main Ave. offers investors a rare, turnkey NNN retail investment in the heart of Downtown Gastonia, NC, priced at $500,000 with an 8.04% cap rate on $40,200 in annual in-place income. The lease is fully executed, the tenant is in occupancy, and zero landlord responsibilities exist from day one — making this one of the most accessible passive income opportunities currently available in the Charlotte MSA. Situated on E. Main Ave. in Gastonia’s primary downtown commercial corridor, the property benefits from strong street visibility in a city undergoing significant revitalization. Downtown Gastonia has seen sustained public and private investment across its arts, dining, and entertainment district, driving meaningful increases in foot traffic and retailer demand. With direct I-85 access and roughly 25 minutes to Charlotte’s urban core, the asset captures both local momentum and regional connectivity — a combination increasingly difficult to find at this price point. The building is well-maintained with no deferred maintenance, the HVAC was replaced in 2022, and the roof in 2015 — providing a clean physical profile with near-term capital risk largely mitigated. The property is fully occupied by Marty’s LLC, an established CBD retailer operating locations in both Gastonia and Hickory, NC. The tenant is on a three-year NNN lease commencing June 2025 with three one-year renewal options and a 3% annual rent escalation, personally guaranteed by the principal.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
1,767 SF
Building Class
C
Year Built
1912
Price
$500,000
Price Per SF
$282.97
Cap Rate
8.04%
NOI
$40,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.81
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
CBD
Frontage
24’ on Main Ave
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 105652 | Improvements Assessment | $173,710 |
| Land Assessment | $32,670 | Total Assessment | $206,380 |
Property Taxes
Parcel Number
105652
Land Assessment
$32,670
Improvements Assessment
$173,710
Total Assessment
$206,380
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108 E Main Ave
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