718 W Trade St - Apartments CONDO FOR SALE


Charlotte, NC 28202
$1,000,000 USD
704-685-6879
718 W Trade St, Charlotte, NC for Sale
$1,000,000 USD
Apartments CONDO - FOR SALE
1/6
null | 6.05% Cap Rate

718 W Trade St
Charlotte, NC 28202


HIGHLIGHTS

  • The presence of a reputable national brand like 7-Eleven provides stability with a reliable long-term tenant and reduces vacancy risk.
  • In the heart of Charlotte, NC, a rapidly growing metro area, ensuring sustained demand and potential for property value appreciation.
  • 7-Eleven offers essential goods, making it resilient to economic downturns and providing a stable tenant even during economic uncertainty.
  • In a heavy foot traffic area close to businesses, residences, and entertainment hubs, enhancing the tenant’s performance and securing rental income.
  • Proximity to major infrastructure: the property is close to major highways, public transit, and popular Charlotte destinations.
  • Charlotte’s ongoing growth as a business and tech hub positions the property for strong long-term capital appreciation.

OVERVIEW

Invest in a retail condo at 718 W Trade St, Unit A, in the heart of uptown Charlotte. This property features a long-term tenant, 7-Eleven, who has occupied the property since 2013, providing stable cash flow and a reliable income stream. Ideal for value-add investors, this opportunity combines a prime location with an established, nationally recognized tenant, making it a rare find in Charlotte's thriving retail market. Uptown Charlotte, the vibrant heart of North Carolina’s largest city, is a thriving urban hub known for its dynamic mix of business, culture, and entertainment. The Central Business District is often called the “Wall Street of the South”. With its iconic skyline, Uptown is not just a business destination but also a lively residential and cultural area. The area also has a vibrant dining and nightlife scene, with a diverse selection of restaurants, bars, and breweries catering to various tastes. Transportation in and around Uptown is convenient, with the Lynx Light Rail providing easy access to surrounding neighborhoods and suburbs. The neighborhood's walkability, amenities, and attractions make Uptown Charlotte a highly desirable location for businesses and residents, creating a lively, bustling environment that continues to grow and evolve. Charlotte has experienced significant population and income growth over the past decade, solidifying its position as one of the fastest-growing cities in the US. The city’s population has surged due to its thriving job market, affordable living, and high-quality life, attracting young professionals and families. With a diverse economy anchored by the financial, tech, and healthcare sections, Charlotte’s median household income has also seen steady increases, reflecting the city’s expanding economic opportunities and rising standard of living. This robust growth is expected to continue, making Charlotte an attractive destination for residents and investors.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

6.05%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

150,000 SF

STORIES

8

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

UC

APN/PARCEL ID

078-122-18

ASK ABOUT THIS PROPERTY

Marika SwartKW CommercialMore Info
704-685-6879

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Marika SwartKW CommercialMore Info
704-685-6879

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