REIT Sale | Former NTB | 54K VPD | Charlotte MSA | $125K HH Income

Description:

Ri Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2560/reit-sale-former-ntb-54k-vpd-charlotte-msa-125k-hh-income?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2560

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 9520 E Independence Blvd, Matthews, NC 28105 (the “Property”). Formerly occupied by NTB | National Tire & Battery, the Property is being offered significantly below replacement cost, presenting an exceptional opportunity for investors or owner-users to acquire a highly visible, strategically located asset with strong value-add potential.

Built in 1995, the Property consists of a ±6,946-square-foot free-standing building situated on an expansive ±1.16-acre (±50,318 SF) parcel. The site includes ±45 surface parking spaces and six (6) drive-in service bays, offering excellent functionality for a variety of retail or commercial uses. The Property benefits from 181 feet of prime frontage along Highway 74/Independence Blvd, which sees ±54,925 vehicles per day (VPD), near the signalized intersection of Sam Newell Road (±13,258 VPD). With one full-access curb cut, the Property provides outstanding visibility and accessibility. This former NTB offers a compelling opportunity to reposition the asset for retail, showroom, automotive, service, or other commercial uses. With CoStar-estimated retail rents ranging from ±$21–$26/SF NNN, the Property presents significant upside through lease-up at long-term market rates. Its favorable B-H (CD) – Business Highway Conditional District zoning, further enhances flexibility for adaptive reuse or redevelopment strategies.

The Property is strategically located within the thriving Matthews submarket, part of the Charlotte MSA, one of the fastest-growing metros in the U.S. Just ±10 miles southeast of Uptown Charlotte, the site offers suburban livability paired with direct access to the metro’s economic core. Major transportation arteries—including NC-51 with 77k+ VPD (±1-mi) and Interstate 485 (±2-mi)—connect the site seamlessly to I-77, I-85, and the greater Charlotte region. The Property sits directly across from Windsor Square Shopping Center and adjacent to a Holiday Inn, both of which drive consistent daily traffic to the corridor. The Matthews trade area is further supported by strong demand generators including Novant Health Matthews Medical Center (±1.5-mi) and the Independence Blvd retail corridor, anchored by major national retailers such as Target, Lowe’s, Home Depot, Kohl’s, Costco, along with multiple QSR operators, automotive dealerships, and nearby shopping centers including Carolina Place Mall and Concord Mills Mall. The site is also less than 20 minutes from major attractions such as Uptown Charlotte, the NASCAR Hall of Fame, Bank of America Stadium, and Spectrum Center. Additionally, the area benefits from proximity to major corporate demand drivers, including the Family Dollar corporate offices and Harris Teeter headquarters. The surrounding trade area boasts a population of ±62,760 within 3-mi and ±191,718 within 5-mi, with an average household income exceeding $125,000, supporting strong and sustained retail, service, and commercial demand. This highly visible, infill location offers significant long-term upside driven by continued population growth, strong regional connectivity, and proximity to major employment and retail nodes throughout the Charlotte metro.


Jerry E. King
King Auction & Realty Co., Inc.
License: 1010
NC Broker’s license: 22778

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