4824 Berewick Town Center Dr - Restaurant FOR SALE


Charlotte, NC 28278- Dixie-Berryhill
$3,884,800 USD
704-649-0440
4824 Berewick Town Center Dr, Charlotte, NC for Sale
$3,884,800 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

4824 Berewick Town Center Dr
Charlotte, NC 28278
Dixie-Berryhill


OVERVIEW

-Great Opportunity to own leased property at a bustling corridor near the Charlotte Premium Outlets! .81 Acres! -Great income-producing investment with Margarita Mexican Restaurant as Tenant (6 locations). Very successful restaurant and expanding locations. Evidenced by monthly sales. -Desirable NNN lease term | 5.5 years remaining with two options of 5 years each (Lease Expires February 2031)(4.35% Cap Rate)! -Situated near the entrance to Berewick Master Plan Community | 2,000+ homes & townhomes, 500+ apartments, 130 key hotel, 16,000 SF of medical office. -Less than 0.5 miles from Exit 4 on I-485 | 129,000 VPD. -Outparcel to best-in-class shopping center | Berewick Town Center | 132-room Hampton Inn & Suites, Harris Teeter, Walgreens, Starbucks, Wendy’s, MOD Pizza & others. -0.5 miles from Charlotte Premium Outlets | Approx. 400,000 SF retail center offering 100+ notable upscale outlet stores -Explosive population growth since 2000 -Affluent surrounding submarket | Over $150,000 average household income within a 1-mile radius. Strong projected population growth -Desirable rent increases | 2% annually -Approx. 10 minutes from Charlotte Douglas International Airport | 1400+ flights per day -Substantial industrial presence in surrounding area | 7.6M SF within a 2-mile radius -Nearby future River District | 1,300 acres, 8M SF office, 500K retail, thousands of homes and apartments proposed -Less than 20 minutes from Uptown Charlotte | 100,000+ employees and 22.9M SF of office -Destination retailers | Harris Teeter, Walgreens, McDonald’s, Wendy’s, Starbucks. Bojangles’, Zaxby’s, & others -Berewick Town Center anchored by Harris Teeter. High quality construction. -CAM is fully reimbursed by tenant

FOR SALE DETAILS

PRICE

$3,884,800 USD

PRICE/SF

$1,020 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Margarita's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

CC

APN/PARCEL ID

199-237-16

ASK ABOUT THIS PROPERTY

Vasili KakavitsasColdwell Banker Commercial RealtyMore Info
704-649-0440

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

Vasili KakavitsasColdwell Banker Commercial RealtyMore Info
704-649-0440

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