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5990 Charlotte Hwy 3,010 SF Retail Building Lake Wylie, SC 29710 $6,130,000 ($2,036.54/SF) 4.75% Cap Rate
Investment Highlights
- 2020 Construction. 3,010+/- SF Building on 1.11+/- Acre Site
- Strategically Located Minutes from Lake Wylie, a 12,455-Acre Recreational Lake on the NC/SC Border
- 7-Eleven (S&P Rated A) Operates 85,000 Stores Globally and 15,300+ in North America
- Excellent Highway Location at the Signalized Intersection of State Highway 49 & Lake Wylie Road (43,000+ Combined VPD)
- 20 Miles from Downtown Charlotte, One of the Fastest-Growing Metros and the Second Largest Banking Center in the U.S.
- Clover, SC | Located in Growing York County, 2nd Fastest Growing School District in South Carolina | Population: 6,671
Executive Summary
12-Year Absolute NNN Corporate Lease with 7.5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,010 SF
Building Class
B
Year Built
2020
Price
$6,130,000
Price Per SF
$2,036.54
Cap Rate
4.75%
NOI
$291,190
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.11 AC
Property Taxes
| Parcel Number | 5590000018 | Improvements Assessment | $55,440 |
| Land Assessment | $46,620 | Total Assessment | $102,060 |
Property Taxes
Parcel Number
5590000018
Land Assessment
$46,620
Improvements Assessment
$55,440
Total Assessment
$102,060
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5990 Charlotte Hwy
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