Infill Land in Charlotte, NC | 1501 Tryon St
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Infill Land in Charlotte, NC 1501 Tryon St
3,479 SF Retail Building Charlotte, NC 28206 £2,331,701 (£670/SF)
Investment Highlights
- Dense & Affluent Surrounding Demographics
- Prime Redevelopment Site
- 7-Eleven Dark Rent
Executive Summary
7-Eleven Dark Rent
- 2 years remaining on the lease
- 7-Eleven has vacated the property but still paying rent, which allows for flexibility in cashflowing in the interim or terminating the lease early with 7-Eleven
Dense & Affluent Surrounding Demographics
- Above Average HHI and Population in the Area
- 121k people in a 3 mile radius of the site as well as an AHHI in a 3 mile radius of $105k
Well Positioned Corner Lot
- Positioned at the lighted intersection of Dalton Ave (9,500) and N. Tryon St (21,500 VPD)
- Two access points (one on Dalton Ave and one on N. Tryon St)
- Approximately a half-mile to Optimist Hall, 1 mile to Camp North End, 1-mile to Uptown, and 2 Miles to NoDa
Prime Redevelopment Site
- Least intensive zoning category (ML-2) provides for a flexible uses and easy rezoning ability
- Adjacent sites have recently been rezoned to multi-family
- All Underground Storage Tanks & Canopy’s have been removed
A Top Performing Market Nationally
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
- 5th fastest growing city from 2021 to 2022 (population change: 15,217)
Fast Growing North End / Optimist Park Submarkets
- Over 5.2K apartment units have delivered since 2019 in a 1-mile radius, a 112% supply growth
- 2,249 units are currently under construction
- North Tryon St. has around 21k VPD and connects the popular Charlotte area NODA with Uptown Charlotte
- 2 years remaining on the lease
- 7-Eleven has vacated the property but still paying rent, which allows for flexibility in cashflowing in the interim or terminating the lease early with 7-Eleven
Dense & Affluent Surrounding Demographics
- Above Average HHI and Population in the Area
- 121k people in a 3 mile radius of the site as well as an AHHI in a 3 mile radius of $105k
Well Positioned Corner Lot
- Positioned at the lighted intersection of Dalton Ave (9,500) and N. Tryon St (21,500 VPD)
- Two access points (one on Dalton Ave and one on N. Tryon St)
- Approximately a half-mile to Optimist Hall, 1 mile to Camp North End, 1-mile to Uptown, and 2 Miles to NoDa
Prime Redevelopment Site
- Least intensive zoning category (ML-2) provides for a flexible uses and easy rezoning ability
- Adjacent sites have recently been rezoned to multi-family
- All Underground Storage Tanks & Canopy’s have been removed
A Top Performing Market Nationally
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
- 5th fastest growing city from 2021 to 2022 (population change: 15,217)
Fast Growing North End / Optimist Park Submarkets
- Over 5.2K apartment units have delivered since 2019 in a 1-mile radius, a 112% supply growth
- 2,249 units are currently under construction
- North Tryon St. has around 21k VPD and connects the popular Charlotte area NODA with Uptown Charlotte
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,479 SF
Building Class
B
Year Built
2001
Price
£2,331,701
Price Per SF
£670
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
1.09 AC
Opportunity Zone
Yes
Zoning
I-2
Parking
15 Spaces (4.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalised Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 078-115-09 | Improvements Assessment | £565,868 |
| Land Assessment | £1,291,747 | Total Assessment | £1,857,615 |
PROPERTY TAXES
Parcel Number
078-115-09
Land Assessment
£1,291,747
Improvements Assessment
£565,868
Total Assessment
£1,857,615
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Infill Land in Charlotte, NC | 1501 Tryon St
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