8620 Research Dr

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8620 Research Dr

Charlotte, NC 28262
Asking Price
$2.90M
Asset Type
Retail
Class
Class B

What's Special

8620 Research Drive is situated in the University City area of Charlotte, North Carolina, within the University Research Park. The surrounding neighborhood is characterized by a mix of corporate offices, academic institutions, and residential developments. Local amenities include the University City promenade and the University of North Carolina at Charlotte campus. The location offers proximity to major transportation arteries, including Interstate 85 and Interstate 485, providing access to the broader Charlotte metropolitan area. Public transit options are accessible via local bus routes and the nearby LYNX Blue Line light rail extension. The property is suited for retail providers seeking to serve the local workforce and student population. Ideal use cases include convenience retail, quick-service food and beverage providers, or service-oriented businesses such as dry cleaners and shipping centers. Typical tenants for this asset profile include national franchises, local boutique retailers, and professional service firms that benefit from high daytime traffic generated by neighboring office parks. The site’s positioning allows for visibility toward commuters and residents within the University City submarket.

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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,347.618
Annual Cash Flow
$-92,171.412

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