830 Groves St - Bank FOR SALE


Lowell, NC 28098
$1,913,000 USD
404-934-5558
830 Groves St, Lowell, NC for Sale
$1,913,000 USD
Bank - FOR SALE
1/5
null | 5.75% Cap Rate

830 Groves St
Lowell, NC 28098


HIGHLIGHTS

  • New 12-year absolute NNN lease with rare 12% rent increases
  • Skyla has 19+ branches, manages over $1.5 billion in assets and serves over 105,000 members
  • Signalized corner on large 1.58 acre parcel, minutes to the main Gastonia retail corridor
  • 8 mins to the 476-bed CaroMont Regional Hospital with over 2,500 employees
  • 14 minute drive to CLT airport and 25-minute drive to Downtown Charlotte
  • 107,000+ population and $101,000+ average household income within 5 miles

OVERVIEW

TSCG is pleased to offer for sale a new 12-year absolute NNN Skyla Credit Union in Lowell (Charlotte MSA), NC. The Property is situated on the hard signalized corner of Hwy 74 (23,500 VPD) and Groves St on a large 1.58-acre parcel. Skyla is less than two miles from the main Gastonia retail artery anchored by Walmart, Home Depot, Sam’s Club, Target, Academy Sports, Kohl’s, Michaels, Best Buy, Lowe’s and more. Minutes to the site is the 4M+ SF Gateway85 industrial park (Newell Brands recent 1.5M SF facility) and the 476-bed CaroMont Regional Medical Center. The city of Lowell is adjacent to Gastonia, the 2nd largest satellite city of the Charlotte area. Within 5 miles from the Property, the population is more than 107,000 and the Average Household Income exceeds $101,000. Skyla Credit Union benefits from its proximity to Interstate 85 (139,000 VPD), approximately 9 miles to Charlotte Douglas International Airport and 14 miles to Downtown Charlotte. Skyla Credit Union is one of the largest financial institutions in North Carolina with 19+ branches, 105,000+ members and over $1.5 billion in assets.

FOR SALE DETAILS

PRICE

$1,913,000 USD

PRICE/SF

$845 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-Year Skyla Credit Union - Charlotte MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,824 SF

ZONING

-

APN/PARCEL ID

128776

ASK ABOUT THIS PROPERTY

404-934-5558

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

404-934-5558

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