2324 Whitehall Park Dr - Retail FOR SALE


Charlotte, NC 28273- Olde Whitehall
$2,748,000 USD
980-498-3293
2324 Whitehall Park Dr, Charlotte, NC for Sale
$2,748,000 USD
Retail - FOR SALE
1/5
null | 5.75% Cap Rate

2324 Whitehall Park Dr
Charlotte, NC 28273
Olde Whitehall


HIGHLIGHTS

  • DENSE SURROUNDING RETAIL
  • NEW CONSTRUCTION WITH LONG TERM LEASE
  • CORPORATE LEASE WITH FORTUNE 500 COMPANY

OVERVIEW

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 DENSE SURROUNDING RETAIL - Walmart Supercenter, Lowe’s Home Improvement, Publix, Chick-fil-A and McDonalds are core traffic magnets - Within 1-mile is Topgolf - Immediately north along S Tryon is The Shops at Whitehall Commons - Within a 5-mile radius AHHI reaches $115,000 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 REGIONAL CONNECTIVITY - Direct access to S Tryon St/NC-49 which averages 33.000 VPD - Within minutes of I-485 with full interchange connected to I-77 and I-85 - I-485 corridor is currently being upgraded with express lanes and new capacity

FOR SALE DETAILS

PRICE

$2,748,000 USD

PRICE/SF

$687 USD /SF

CAP RATE

5.75%

% 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

0.87 AC

LAND SF

37,897 SF

ZONING

-

APN/PARCEL ID

201-032-23

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.