2520 Cuthbertson Rd - Supermarket FOR SALE


Waxhaw, NC 28173
$6,627,000 USD
980-498-3293
2520 Cuthbertson Rd, Waxhaw, NC for Sale
$6,627,000 USD
Supermarket - FOR SALE
1/5
null | 4.15% Cap Rate

2520 Cuthbertson Rd
Waxhaw, NC 28173


HIGHLIGHTS

  • INVESTMENT GRADE WALMART GUARANTY (S&P: AA)
  • AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET
  • LONG-TERM LEASE WITH EMBEDDED GROWTH

OVERVIEW

HIGH-CREDIT, ZEROMANAGEMENT GROUND LEASE - Absolute NNN ground lease with no landlord responsibilities and all improvements owned by Walmart, minimizing capex exposure and operational risk INVESTMENT GRADE WALMART GUARANTY (S&P: AA) - Corporate lease backed by one of the strongest credits in retail, with unmatched scale, recession resilience, and essential-use tenancy STRONG INFILL POSITIONING WITH BARRIERS TO ENTRY - Established retail corridor with limited new supply, strong surrounding residential density, and traffic counts exceeding 45,000 VPD at the intersection AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET - Located in Waxhaw, one of the fastest-growing and highest-income areas in the Charlotte MSA, with $175K+ average household incomes supporting sustained grocery demand CORE GROCERYANCHORED RETAIL LOCATION - Purpose-built Walmart Neighborhood Market serving daily needs (grocery, pharmacy), positioned within a dominant retail node alongside Lowe’s and national tenants LONG-TERM LEASE WITH EMBEDDED GROWTH - 9 years remaining on the initial term plus 12 × 5-year options (60 years) with 5% rent increases each option period, creating a predictable long-term cash flow profile

FOR SALE DETAILS

PRICE

$6,627,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

4.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Neighborhood Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

148

LAND DETAILS

LAND ACRES

5.35 AC

LAND SF

233,002 SF

ZONING

AB0

APN/PARCEL ID

06-162-023

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.