7259 N

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7259 N

Denver, NC 28037
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

7259 N Highway 16 is situated in Denver, North Carolina, a rapidly developing community on the western shore of Lake Norman. The property is positioned along a primary commercial corridor characterized by a mix of established local businesses, national retailers, and new residential subdivisions. Nearby amenities include grocery-anchored shopping centers, professional services, and casual dining options. The location offers direct access to Highway 16, providing a straightforward commute to neighboring Charlotte and Hickory, while Highway 73 is located nearby to facilitate east-west travel across the region. This retail asset is suited for businesses seeking high visibility and consistent vehicular traffic. Potential use cases include boutique retail, specialized service providers, or small-scale medical offices. The typical tenant profile consists of regional service operators or consumer-facing businesses looking to capitalize on the area's growing population and increasing household income levels. The site’s flexible layout and road frontage make it an adaptable choice for tenants requiring easy customer access and prominent signage opportunities within the Denver business district.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times