5534 Albemarle Rd

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5534 Albemarle Rd

Charlotte, NC 28212
Asking Price
$6.00M
Asset Type
Retail
Class
Class B

What's Special

5534 Albemarle Road is situated in a high-traffic retail corridor in East Charlotte, positioned between the busy intersections of Farm Pond Lane and Central Avenue. The property benefits from prominent visibility and proximity to the Albemarle Square shopping center. The surrounding neighborhood is characterized by a mix of established residential pockets and dense commercial development. Access to the site is supported by multiple CATS bus stops and proximity to major thoroughfares, including Independence Boulevard (US-74), which connects the area to Uptown Charlotte and the surrounding suburbs. This retail asset is well-suited for high-exposure tenants, such as cell phone retailers, insurance agencies, or specialty clinics. The location’s high daily vehicle counts and walkability from adjacent apartment complexes favor businesses that rely on consistent local foot traffic and commuter visibility. Ideal tenants include service-oriented businesses, convenience retailers, or quick-service food operators looking to capture the diverse, value-driven demographic of the East Charlotte submarket. The versatile floor plan allows for a variety of layouts to accommodate local franchises or independent storefronts.

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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715

Location & Travel Times