1431 Bryant St - Warehouse FOR SALE


Charlotte, NC 28208- Wesley Heights
$2,400,000 USD
704-942-0983
1431 Bryant St, Charlotte, NC for Sale
$2,400,000 USD
Warehouse - FOR SALE
1/19
null | 7.5% Cap Rate

1431 Bryant St
Charlotte, NC 28208
Wesley Heights


HIGHLIGHTS

  • Centrally located just outside of Charlotte's urban core in the FreeMoreWest neighborhood
  • Fully-conditioned ±7,531 SF warehouse space with 2 dock-high doors and ±3,400 SF of finished space with a dedicated commercial kitchen

OVERVIEW

Presenting a single-tenant NNN industrial investment opportunity located just outside of Uptown Charlotte. The tenant is an established event business in the region and the lease expires April 30, 2029. Annual NOI is $180,000. The building is composed of a fully conditioned ±7,531 SF warehouse space with 2 dock-high doors and ±3,400 SF of finished space including a dedicated commercial kitchen, lobby, and private offices. ****Please note that the parcel is in a flood zone. Seller is not offering cooperating broker fee. Buyer's agent will need to have client pay their commission or write requested fee into the offer. This listing is centrally located just outside of Charlotte's urban core in the FreeMoreWest neighborhood. The FreeMoreWest Neighborhood is rapidly growing with great amenities, including new restaurants, retail, and breweries. The property is just off of I-77 and minutes from I-85. Additionally, it is a 20-minute walk from the Carolina Panthers Bank of America Stadium and an 11-minute drive to Charlotte Douglas International Airport. The current tenant, Uptown Catering Company, has been headquartered at the property since 2013. Uptown Catering Company is a leading corporate and event caterer in Charlotte, NC. Founded in 1987, Uptown Catering enjoys a loyal and extensive customer base in the corporate and governmental sectors, and representative clients include Ballantyne Designs, Blueline Technologies, Blumenthal Performing Arts, Split Second Sound, Deloitte, and the Charlotte Fire Department. As a result of its focus on quality, and friendly and professional service, the company received the Crowns of Enterprise Award as the 2014 Small Business Enterprise of the Year. Uptown Catering employs 10 full-time employees and had annual revenue in 2023 of $1.075 million.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.54

LAND SF

23,522

ZONING

NC

APN/PARCEL ID

067-011-03

ASK ABOUT THIS PROPERTY

Morgan HamerNewLeaf Commercial Real Estate, LLCMore Info
704-942-0983

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Morgan HamerNewLeaf Commercial Real Estate, LLCMore Info
704-942-0983

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.