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. The property is positioned along a primary thoroughfare characterized by a mix of established shopping centers, diverse international eateries, and national service-oriented franchises. The location offers excellent visibility and direct access to major transit routes, including the Independence Boulevard interchange and proximity to the I-485 loop. Numerous residential neighborhoods surround the area, providing a consistent local customer base and high daily vehicle counts. The site’s layout and regional zoning make it suitable for a variety of general retail uses, including grocery, hardware, or discount department stores. The property is well-positioned for service-based tenants such as fitness centers, medical clinics, or automotive parts retailers. The typical tenant profile includes mid-size national retailers and regional businesses seeking high-exposure frontage within one of Charlotte’s most densely populated submarkets.

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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