11120 11120 Mt Holly Rd rd - Retail FOR SALE


Charlotte, NC 28214- Harwood Lane
$3,172,000 USD
980-498-3293
11120 11120 Mt Holly Rd rd, Charlotte, NC for Sale
$3,172,000 USD
Retail - FOR SALE
1/4
null | 5.8% Cap Rate

11120 11120 Mt Holly Rd rd
Charlotte, NC 28214
Harwood Lane


HIGHLIGHTS

  • CORPORATE LEASE WITH FORTUNE 500 COMPANY
  • NEW CONSTRUCTION WITH LONG TERM LEASE
  • CORNER EXPOSURE ON HIGHTRAFFIC ARTERIAL

OVERVIEW

STRONG LEASE FUNDAMENTALS WITH BUMPS - NN Lease with minimal Landlord Responsibilities - Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY - Charlotte, NC is now the 14th largest city in the U.S., with a population exceeding 943,000 - From 2020 to 2024, Charlotte recorded the 4th largest population increase in the nation, adding more than 69,000 residents - Ranked among the top 10 hottest housing markets, Charlotte placed 7th nationally - Over the past decade, the Charlotte region has experienced 24% employment growth, with an additional 8% job expansion projected between 2024 and 2030 CORPORATE LEASE WITH FORTUNE 500 COMPANY - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2022 EOY sales increased to 11.1% to a record $22.15B NEW CONSTRUCTION WITH LONG TERM LEASE - New Construction built with Sherwin’s newest store layout - Roof and Structure warranties will transfer to new owner - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire tenancy - 40 year lease potential with options CORNER EXPOSURE ON HIGHTRAFFIC ARTERIAL - Positioned along Mt Holly Rd (NC-27) with excellent visibility and access - Direct connectivity to I-485 and I-77 provides seamless regional access across the Charlotte MSA - High traffic exposure from both commuter and retail-driven corridors supporting long-term tenant performance ROBUST TRADE AREA DEMOGRAPHICS - Surrounded by dense suburban growth with strong household incomes - Population within a 5-mile radius exceeds 95K - AHHI within a 1-mile radius exceeds $105K - Mt. Holly / NC 27 corridor has seen an ~18% population increase since 2010 and 70% since 2000

FOR SALE DETAILS

PRICE

$3,172,000 USD

PRICE/SF

$793 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

-

APN/PARCEL ID

031-141-17

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.