3953 Village Center S - Retail FOR SALE


Sherrills Ford, NC 28673
$1,429,000 USD
980-498-3293
3953 Village Center S, Sherrills Ford, NC for Sale
$1,429,000 USD
Retail - FOR SALE
1/4
null | 5.25% Cap Rate

3953 Village Center S
Sherrills Ford, NC 28673


HIGHLIGHTS

  • FRONTING MAJOR RETAIL CORRIDOR
  • STRONG LEASE FUNDAMENTALS
  • EXPERIENCED FRANCHISEE

OVERVIEW

EXPERIENCED FRANCHISEE - QAS was established in 2001 and is the second largest franchisee of Valvoline - More than 200 locations across 13 states and headquartered in Charlotte, NC FRONTING MAJOR RETAIL CORRIDOR - Site fronts NC-150 (13,500 VPD), within a 1-mile radius of the Valvoline there is more than 175K SF of retail space boasting an overall vacancy rate of 0% - Nearby National Retailers Include: Publix Super Market, Jersey Mike’s, Starbucks, and more THE VILLAGES AT SHERRILLS FORD - Site is located within the Villages at Sherrills Ford - This 206-acre development boasts more than 6,000 residential lots and a large mix of retail, residential, and medical space - With over 500k SF of commercial space this community is set to add over $100 million dollars in economic impact to the surrounding area STRONG LEASE FUNDAMENTALS - Ground Lease - Providing a hands off investment - Zero Landlord Responsibilities - 10% Increases in current term and in option periods - Long Term 15 Yr Lease with 4 x 5 Year Options 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 AFFLUENT LAKE MARKET - Surrounding the site within a 1-mile radius the AHHI exceeds $125,000 - In a 5-mile radius there are more than 33K potential customers with an AHHI greater than $160,000

FOR SALE DETAILS

PRICE

$1,429,000 USD

PRICE/SF

$715 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

4607169354530000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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