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85 Oasis 5105 Reagan Dr 10,083 SF 100% Leased Retail Building Charlotte, NC 28206 $2,700,000 ($267.78/SF) 8.36% Cap Rate
Investment Highlights
- Fully Leased Multi-tenant Retail space
Executive Summary
This offering presents a rare opportunity to acquire a fully stabilized, income-producing multi-tenant retail building at 5105 Reagan Dr, Charlotte, NC — strategically positioned between Interstate 85 and Uptown Charlotte in one of the region's most active and retail-dense corridors. The property benefits from outstanding regional connectivity, strong consumer traffic, and a submarket defined by consistent occupier demand and limited quality supply.
The 10,085 SF building is 100% leased and generating over $220,000 in annual Net Operating Income, providing an investor with immediate, reliable cash flow from day one. A recent renovation and complete replacement of all HVAC units across the property have substantially reduced near-term capital expenditure requirements — a meaningful risk mitigant for any acquisition underwriting.
The property's versatile multi-tenant floor plan is purpose-built for broad appeal, accommodating a range of retail, service, and flex uses. Complemented by a gated, secured lot and ample on-site parking, the asset is well-positioned to sustain strong occupancy and attract quality tenants over the long term.
The 10,085 SF building is 100% leased and generating over $220,000 in annual Net Operating Income, providing an investor with immediate, reliable cash flow from day one. A recent renovation and complete replacement of all HVAC units across the property have substantially reduced near-term capital expenditure requirements — a meaningful risk mitigant for any acquisition underwriting.
The property's versatile multi-tenant floor plan is purpose-built for broad appeal, accommodating a range of retail, service, and flex uses. Complemented by a gated, secured lot and ample on-site parking, the asset is well-positioned to sustain strong occupancy and attract quality tenants over the long term.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,083 SF
Building Class
B
Year Built/Renovated
1994/2022
Price
$2,700,000
Price Per SF
$267.78
Cap Rate
8.36%
NOI
$225,695
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.08 AC
Opportunity Zone
Yes
Zoning
CG - Commercial
Parking
36 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 087-073-01 | Improvements Assessment | $386,900 |
| Land Assessment | $412,200 | Total Assessment | $799,100 |
Property Taxes
Parcel Number
087-073-01
Land Assessment
$412,200
Improvements Assessment
$386,900
Total Assessment
$799,100
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