212K SF Value-Add Shopping Center
212K SF VALUE-ADD SHOPPING CENTER
Charlotte Metropolitan Area, NC
PRICE $7,600,000
GLA 212,000 SF
PROPERTY TYPE Shopping Center
CAP RATE 8.5%
OCCUPANCY 77%
YEAR BUILT 1965
Charlotte Metropolitan Area, NC
PRICE $7,600,000
GLA 212,000 SF
PROPERTY TYPE Shopping Center
CAP RATE 8.5%
OCCUPANCY 77%
YEAR BUILT 1965
DEMOGRAPHICS
Population 81,161
Per Capita Inc $28,312
Median HH Inc $50,266
Click to view map
INVESTMENT HIGHLIGHTS
- Value Add Shopping Center anchored by a Big Lots, a Local Supermarket, and a Regional Thrift Store
- Potential increase in income of $175K
- Anchor tenants all have long leases in place
- The center has several vacant spaces available for lease ranging from 1,000 SF to 21,000 SF
- The Property sits on a large 23 acre parcel
- Most tenants have been at this center for more than 10 years plus
| Price: | $7,600,000 |
| City: | Charlotte Metropolitan Area |
| State: | NC |
| Square Feet: | 212,000 SF |
| Price: | $7,600,000 |
| Cap Rate: | 8.5% |