3961 Village Ctr S - Retail FOR SALE


Sherrills Ford, NC 28673
$2,133,000 USD
980-498-3293
3961 Village Ctr S, Sherrills Ford, NC for Sale
$2,133,000 USD
Retail - FOR SALE
1/4
null | 3.75% Cap Rate

3961 Village Ctr S
Sherrills Ford, NC 28673


HIGHLIGHTS

  • STRONG LEASE FUNDAMENTALS
  • AFFLUENT LAKE MARKET
  • FRONTING MAJOR RETAIL CORRIDOR

OVERVIEW

CORPORATE GUARANTEE FROM STRONG CREDIT TENANT - McDonald’s has over 40,000 locations worldwide - S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD) - Over $23B 2022 Revenue INVESTMENT HIGHLIGHTS FRONTING MAJOR RETAIL CORRIDOR - Site fronts NC-150 (13,500 VPD), within a 1-mile radius of the McDonalds 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 - 10% rent increases every 5 years during current term term & options periods - Absolute NNN Ground lease - Eight (8) five (5) year option periods 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

$2,133,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,717 SF

ZONING

PD-CD

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.