Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a 2 tenant net-lease property in Charlotte, NC. This 5,441 SF building is a 100% occupied by two tenants: 7-Eleven and Kure Vape. The asset is well positioned on a hard corner of two main commuter thoroughfares in Charlotte, NC and is located directly next to a Light Rail stop with heavy traffic volumes for commuters to the city.
Situated at 8641 South BV, the 5,441 square foot building has been leased to 7-Eleven and Kure Vape since 2015. 7-Eleven has another 5 years remaining with 4 option periods remaining, while Kure Vape has approximately 1 year and 6 months remaining with 0 options.
Investment Highlights
Attractive Lease Fundamentals | Rent Bump Soon
- Each lease is structured NNN, providing minimal landlord responsibility
- 7-Eleven has a 10% rent bump coming in 2025, which will boost your annual return
Strong Corporate Anchor Tenant
- The center is anchored by 7-Eleven
- 7-Eleven market cap of $37.18B
- Over 83,000 locations across the world
Charlotte MSA Tailwinds
- Charlotte MSA has added more than 135K people form 2020 to 2023 making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
Prime Charlotte Real Estate
- Located at the lighted intersection of Sharon Rd W (23.5K) and South Bv (33.5KVPD)
- Across the street from Sharon Rd West Light Rail Stop (Over 13M riders per year)
- Over 3.8K apartment units in a 1-mile radius
Surrounded by Thousands of Workers
- Over 2.7MSF of industrial space located in a 1-mile radius
- Across the street from Campbell Snacks 700K SF distribution facility
Re-Leasing Upside
- Kure vapor has minimal term remaining with 0 option periods, providing the next owner the ability to ‘mark-to-market’ (Market Leasing Assumption: Upper $20’s psf) the rent with a new tenant, renew Kure Vapor, or lease the excess space to 7-Eleven
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Sales Team
