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6407 South Boulevard
Charlotte, NC 28217
Asking Price
$10.00M
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Grand Oaks | 8.58 % CAGR | Value-add Opportunity <p>VALUE-ADD OPPORTUNITY: In place shop tenants currently make up 59% of the rent roll with rents ranging from $12.71 to $18.88 PSF, presenting a clear path to growth through mark to market rents. All tenants other than WOW are out of options giving landlord full control of shop tenants by 2033 and access to over 50% of the shop tenants by 2029. Assuming rents of $30-$35 PSF buyers can add roughly 375k in additional annual rent.</p><p></p><p>SOUTH BLVD & LYNX BLUE LINE: Grand Oaks is strategical
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NOI
$80,000
Cap Rate
0.80%
DSCR
0.13
Underwater
Cash-on-Cash
-17.12%
Monthly Payment
$49,474.544
Annual Cash Flow
$-513,694.526
