12723 Albemarle Rd

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12723 Albemarle Rd

Charlotte, NC 28227
Asking Price
$1.85M
Asset Type
Retail
Class
Class B

What's Special

12723 Albemarle Road is located in the eastern corridor of Charlotte, situated within a growing suburban commercial landscape. The property benefits from high visibility along a primary arterial thoroughfare that connects Mint Hill to the downtown urban core. The surrounding neighborhood is characterized by a mix of established residential subdivisions and essential retail services. Nearby amenities include grocery-anchored shopping centers, regional pharmacies, and diverse quick-service dining options. The site offers efficient transportation access with proximity to the I-485 outer beltway, facilitating convenient transit for local commuters and regional logistics. The asset is well-suited for a variety of retail applications, including neighborhood service providers, specialty medical clinics, or boutique storefronts. Given the surrounding demographic profile, the location supports businesses that cater to daily consumer needs and residential support services. The typical tenant profile includes localized personal service franchises, professional offices requiring a retail presence, or independent retailers seeking high traffic counts. The property’s configuration offers functional versatility for operators looking to capitalize on the sustained residential growth and consistent vehicle volume characteristic of the Albemarle Road corridor.

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NOI
$80,000
Cap Rate
4.32%
DSCR
0.73
Underwater
Cash-on-Cash
-5.38%
Monthly Payment
$9,152.791
Annual Cash Flow
$-29,833.487

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