$7.5 Million NNN Acquisition in Charlotte
By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $7.5 million NNN acquisition in Charlotte represents a mid-market entry point for experienced net lease investors seeking stabilized, long-term tenant relationships in a logistics and financial services hub. Charlotte's strong commercial base and population growth have attracted national tenants, making single-tenant net lease properties across the metro and suburban corridors attractive to both 1031 exchange buyers and core-plus portfolios. At this size, lenders typically offer fixed rates in the 6.50 to 6.75 percent range with leverage between 65 to 75 percent LTV depending on tenant credit, remaining lease term, and property location. The market favors both regional bank STNL programs and life insurance company balance sheets, each bringing different approval speed and covenant flexibility.
Get a Quote on Your $7.5M Deal →What a $7.5M NNN Acquisition Capital Stack Looks Like
The $7.5M NNN stack in Charlotte is dominated by regional banks with established single-tenant net lease programs and life insurance companies seeking yield in core markets. Lender selection hinges on tenant credit rating, unexpired lease term, and whether the borrower seeks non-recourse financing; investment-grade tenant deals often attract life company capital at tighter spreads, while sub-investment-grade or shorter-lease deals trend toward regional banks with more flexible underwriting but higher recourse requirements.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Who Closes a $7.5M NNN Acquisition Deal
The typical $7.5M NNN buyer in Charlotte is an experienced net lease investor or 1031 exchange replacement buyer with $2M to $5M in liquid capital and a track record of 3 to 8+ single-tenant acquisitions. Motivations range from accretive acquisitions on investment-grade tenants to tax-deferred portfolio repositioning and geographic diversification into the Southeast. Most sponsors manage institutional capital, self-directed IRAs, or hold core portfolios and understand the importance of tenant credit, lease structure, and long-term holding economics over quick appreciation.
A Real $7.5M Example
CLS CRE closed a $6.8M acquisition financing on a multi-tenant food-service property occupied by an investment-grade national operator in suburban Charlotte in late 2023. The borrower, a 1031 exchange investor with previous NNN acquisitions, needed 72 percent LTV with non-recourse structure over 25 years. A life insurance company lender provided 6.48 percent fixed with a 60 day close, valuing the 14-year remaining lease term and A-rated tenant credit. The deal closed in late November; the borrower used the structure to acquire a second property six months later, demonstrating the flexibility and speed that strong underwriting brings to net lease portfolios.
Anonymized. All deal references protect borrower and lender identity.
$7.5M NNN Acquisition Charlotte FAQ
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