Investment NNN Opportunity in Gastonia 2396 E Franklin Blvd 4,898 SF Retail Building Gastonia, NC 28054 $1,630,000 ($332.79/SF) 6.75% Cap Rate

This offering features a single-tenant net lease investment located at 2396 E. Franklin Boulevard in Gastonia, North Carolina. The property is leased to Elevate Eyecare, a nationally recognized optometry operator with multiple locations across the United States. The tenant executed a 10-year NNN lease commencing December 15, 2025, with annual rent increases of 3% and one five-year renewal option at fair market value.
Positioned along E. Franklin Boulevard (NC Hwy 29-74), this location benefits from excellent visibility and strong traffic counts exceeding 40,500 vehicles per day. The area is surrounded by national and regional retailers including Walmart, Hobby Lobby, CVS, and Chick-fil-A, creating a dense retail corridor that attracts consistent consumer traffic.
The asset offers predictable cash flow with a first-year NOI of $110,004 and a capitalization rate of 6.75%, making this a compelling opportunity for investors seeking stable returns and minimal management responsibilities. With the lease structured as true NNN, the tenant assumes responsibility for taxes, insurance, and maintenance, limiting landlord obligations to roof, structural components, and select capital items.
This property presents an attractive solution for investors pursuing an income-producing asset within a growing retail corridor and offers strong appeal for those considering participation in a 1031 exchange.