8620 Research Dr - Commercial LAND FOR SALE


Charlotte, NC 28262- Mallard Creek-Withrow Downs133,729 SF
$4,500,000 USD
843-345-5333
8620 Research Dr, Charlotte, NC for Sale
$4,500,000 USD
Commercial LAND - FOR SALE
1/5
133,729 SF

8620 Research Dr
Charlotte, NC 28262
Mallard Creek-Withrow Downs


HIGHLIGHTS

  • Prime Investment Opportunity | The Learning Experience Day Care Development Site with In-Place Lease | Corner Lot Totaling 3.07 AC
  • 15-Yr NNN Lease Signed by The Learning Experience | 10,000 SF Build-to-Suit Opportunity
  • Full Site Plans & TLE Building Permit Pending Approval (Expected Dec. 2025) | All Utilities Available Including Water Main Taps
  • Additional Pad with Site Plans for a 8,000 SF Office/Retail Building | Buyer Responsible for Building Plans
  • Immediate Surrounding Area is Home to Over 20 Fortune 500 Companies Including Wells Fargo CIC, Vanguard, TIAA, & More
  • 1.0% Vacancy Rate for Retail Properties in the Immediate University Research Park Area | Over 11,000 Multi-Family Units within a 1.5 Mile Radius

OVERVIEW

Northmarq, as exclusive agent, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the development site located at 8620 Research Drive in Charlotte, North Carolina. Totaling 3.07 acres, the property is pending site plan and building permit approval for a day care facility and a future office/retail building. The single-tenant day care will total approximately 10,000 square-feet, and is fully leased to The Learning Experience on a 15-year NNN lease with 12% rent increases every 5 years, and two, 5-year renewal options. The tenant is a strong, national day care operator with over 600 locations. The site sits at a signalized intersection with direct access to W.T. Harris Boulevard (44,500+ VPD), across from Wells Fargo’s Customer Information Center, IBM Innovation Park, and several regional headquarters. Nearby demand drivers include Atrium Health University City (130 beds), The Shoppes at University Place, UNC Charlotte (31,000+ students), and Griffith Lakes, a 400-acre residential development with over 780 homes. University Research Park spans 2,600 acres and includes more than 75 companies and 20,000 employees. The submarket benefits from direct rail access to Uptown via the LYNX Blue Line and continues to attract major institutional investment. Recent expansions by TIAA, Centene, and Allstate reflect sustained demand across healthcare, tech, and finance.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/ACRE

$1,465,800/AC

PRICE/SF

$34 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Learning Experience Pad Site | 3.07 AC

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail

LAND ACRES

3.07 AC

LAND SF

133,729 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

CAC-1

APN/PARCEL ID

047-141-18

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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

Ani PaulsonNorthmarqMore Info
843-345-5333

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