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

Located at 4000 Memorial Parkway in Charlotte, North Carolina, this retail property sits within a high-traffic commercial corridor. The surrounding neighborhood is characterized by a mix of residential subdivisions and established shopping centers, providing a consistent local customer base. Nearby amenities include national grocery chains, diverse dining options, and public parks. The site offers direct access to major regional thoroughfares and is positioned near several public transit stops, ensuring visibility and connectivity to the greater Charlotte metropolitan area. The property is suited for a variety of general retail applications, including specialized boutiques, service-oriented businesses, or showrooms. Ideal tenant profiles include regional retailers seeking high-visibility frontage, fitness studios, or professional service providers like insurance agencies and dental clinics. The flexible floor plan allows for a configuration that supports high foot traffic and efficient inventory management, catering to organizations focused on urban accessibility and neighborhood engagement.

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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