2200 W Sugar Creek Rd

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2200 W Sugar Creek Rd

Charlotte, NC 28262
Asking Price
$5.22M
Cap Rate
7.75%
Asset Type
Pharmacy/Drug Retail
Class
Class B

What's Special

Retail | 7.75% CAP | 14,820 SqFt <ul><li>​Charlotte Is One Of The Hottest Cities In America</li><li>​Core Net-Leased Assets Are Tough To Come By In The Carolinas</li><li>​High Traffic, High Visibility Intersection</li><li>​Full Walgreens Guaranty</li><li>​9 Years Remain On Primary Term</li><li>​Over $3.6mm In Rents Remain In Primary Term</li><li>​Sugar Creek Is The Main East West Arterial For This Area</li><li>​Major Migration To Charlotte - Estimates Have 150+ People A Day Moving To Charlotte</li></ul>

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NOI
$80,000
Cap Rate
1.53%
DSCR
0.26
Underwater
Cash-on-Cash
-14.68%
Monthly Payment
$25,825.712
Annual Cash Flow
$-229,908.542

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