4000 Memorial Pkw

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4000 Memorial Pkw

Charlotte, NC 28217
Asking Price
$1.50M
Asset Type
Retail
Class
Class B

What's Special

4000 Memorial Parkway is situated in a high-traffic corridor of Charlotte, North Carolina, characterized by a mix of established residential neighborhoods and active commercial zones. The property offers direct frontage on a primary local artery, providing significant visibility and ease of access to the regional highway network. The immediate surrounding area features a variety of service-oriented businesses, big-box retailers, and diverse dining options. Proximity to local transit stops and centralized infrastructure supports consistent vehicle counts and pedestrian flow from the neighboring residential communities. The site’s layout and accessibility make it suitable for a range of retail applications, including convenience services, showroom space, or specialty boutiques. Given the local demographics and traffic patterns, the property is positioned to serve tenants such as fitness studios, medical clinics, or quick-service food operators. The location caters to businesses requiring prominent signage and reliable logistics for frequent customer turnover. This asset provides a functional foundation for established retail brands or growing regional businesses seeking a presence within a densely populated Charlotte submarket.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

Location & Travel Times