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14040 S Tryon St
Charlotte, NC 28278
Asking Price
$2.45M
Asset Type
Retail
Class
Class B
What's Special
Retail | 6,140 SqFt <ul><li>±6,140 SF single-tenant retail showroom</li><li>Prominent 0.920-acre corner lot at S Tryon Street and Shopton Road</li><li>18-foot clear height</li><li>38 surface parking spaces (6.19 per 1,000 SF ratio)</li><li>Property delivered vacant within 90 days of closing</li><li>Zoned CG – General Commercial</li><li>Over 41,000 vehicles per day along nearby NC-49/York Road</li><li>3-mile population exceeds 53,000 residents</li><li>Projected growth approaching 9% over the next five years
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NOI
$80,000
Cap Rate
3.27%
DSCR
0.55
Underwater
Cash-on-Cash
-8.91%
Monthly Payment
$12,121.263
Annual Cash Flow
$-65,455.159
