FOR SALE & LEASE

7129 Wallace Road
Charlotte, NC

PROPERTY DETAILS

Type: Industrial

Subtype: Investment, Service, Auto Sales and Service, Investment, Freestanding Building

Building SF: 12,892 SF

Total Acreage: 1.39 ac.

Construction Status: Existing

Year Built: 1978

Year Renovated: 2001

Zoning: B-2

Parcel ID: 19102201

Property Owner: Alis Properties, LLC

Property User: Any User

Drive-in Doors: 3

Outside Storage: Yes

Power: Ample

CPE#: 40523

PRICING

Total Price: $1,980,000.00

Sale $/SF: $153.58

Lease $/SF: $9.00

Expense $/SF: $1.05

Lease Type: NNN

Escalations: 2%

AVAILABILITY

Listing Method: For Sale & Lease

Listing Status: Available

Total Available; 12,892 SF

Minimum Available: 2,080 SF

Maximum Contiguous: 10,812 SF

Vacant SF: 10,812 SF

LOCATION INFORMATION

7129 Wallace Road
Charlotte, NC 28212

Intersection of E. Independence Blvd and Wallace Road

Mecklenburg County, East Submarket

COMMENTS

Anchor Tenants: Manpower Collision and Detailing; Future Auto, Inc.

1.39 acre site on E Independence and Wallace Road, with ingress/egress to both roads

2 existing buildings on site: 10,812 SF tilt up building housing Manpower Collision + 2,080 SF modular office building housing Future Auto, Inc.

Both tenants provide a NOI of $110,000 annually, after property taxes, insurance, and common area maintenance expenses

8.0% cap

100% occupied

Listing Agent: Joe Yochem

joe@southendpropertiesnc.com

704-578-2681