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8940 S Tryon St
Charlotte, NC 28273
INVESTMENT OPPORTUNITY-Eurofed Automotive · Retail Property For Sale

Investment Highlights

  • Absolute NNN lease with 10 years remaining and annual rent escalations, in addition no landlord responsibility and increasing returns.
  • Located in a retail corridor of a highly trafficked region of Charlotte, named Steele Creek
  • Completely renovated in 2024, brand new signage, roofing, HVAC, electrical, and plumbing

Executive Summary

Saint Louis Properties of the Carolinas is excited to present Eurofed Automotive in Charlotte, North Carolina. This fully leased, stable asset offers a rare opportunity for investors to acquire a well-constructed single-tenant retail automotive center. The property, located at 8940 South Tryon Street, Charlotte, North Carolina, is a 4,685 square foot inline center on Tryon St, housing retail such as Dunkin Donuts and QuikTrip, among others. Eurofed Automotive is considered a low-risk, high-reward investment, featuring a long-term tenant and having undergone a significant renovation in 2024.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,685 SF
Building Class
B
Year Built
2002
Price
$2,700,000
Price Per SF
$576.31
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.14 AC
Zoning
B1 - Business District
Parking
42 Spaces (8.96 Spaces per 1,000 SF Leased)
Frontage
155’ on Tryon St

Amenities

  • Bus Line
  • Signage
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
201-031-29
Land Assessment
$1,226,800
Improvements Assessment
$393,000
Total Assessment
$1,619,800
  • Listing ID: 32781655

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 8940 S Tryon St, Charlotte, NC 28273

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