7010-7014 Smith Corners Blvd - Retail FOR SALE


Charlotte, NC 28269- Northlake
$6,800,000 USD
904-378-6228
7010-7014 Smith Corners Blvd, Charlotte, NC for Sale
$6,800,000 USD
Retail - FOR SALE
1/5
null | 6.04% Cap Rate

7010-7014 Smith Corners Blvd
Charlotte, NC 28269
Northlake


HIGHLIGHTS

  • The center is occupied by four tenants: Two tenants occupying 72% of the GLA are national tenants and the remaining two tenants are local/regional
  • Staples, Inc. has investment grade ratings from Moody’s and Standard and Poor’s of (B3, B-), respectively
  • Leslie’s Poolmart, Inc. has investment grade ratings from Moody’s and Standard and Poor’s of (B2, B-), respectively
  • Small shop space tenants paying below market rent, providing investors the opportunity to increase cash flow with mark to market opportunities
  • 100% occupied by four tenants, of which Staples has occupied for nearly 20 years
  • All tenants currently have NNN leases, providing stable cash flow and minimizing landlord responsibilities

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 7010-7014 Smith Corners Boulevard, a 31,802 SF, four tenant commercial property located in Northlake Village, a planned development in Charlotte, NC. The property is located in the northeast quadrant of the I-77 and Harris Boulevard interchange, surrounded by a diverse lineup of hotels, retailers, and office buildings. The property is 100% occupied by a mix of local and national tenants, with Staples anchoring the center. All the current tenants have NNN leases, providing investors with stable cash flow throughout their hold period. Staples occupies 64.1% of the total GLA and has 7.3 years remaining in their lease term. This stretch of I-77 and Harris Boulevard where the property is located has an AADT of 74,500 and 44,000, respectively. Within 1 mile of the subject property, there is a daytime population of 15,894 and an average household income of $98,470. The asset would be an attractive investment opportunity for investors looking for a value-add retail center with mark to market opportunity, located in one of the top 10 fastest growing cities in the United States, with strong local and national tenants, and minimal landlord responsibilities.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staples Center at Northlake Village

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

CC

APN/PARCEL ID

025-092-40

ASK ABOUT THIS PROPERTY

Joe SimpsonRipco Real EstateMore Info
904-378-6228

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Joe SimpsonRipco Real EstateMore Info
904-378-6228

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