Atlantic Capital Partners has been exclusively engaged to market Christenbury Corners, a premier grocery anchored neighborhood shopping center located in Concord, North Carolina within the Charlotte MSA. The property is strategically positioned at the signalized intersection of Christenbury Parkway and Derita Road, benefiting from combined traffic counts exceeding 40,000 vehicles per day and strong visibility within a dense, high growth suburban trade area.
Christenbury Corners totals 120,689 square feet across 21.12 acres and is 100% leased to a curated mix of national and regional tenants. The center is anchored by Sprouts Farmers Market and Kohl’s, with a strong lineup of daily-needs and service-oriented tenants including restaurants, fitness, and necessity retail. The asset also features a complementary collection of high-performing outparcels, further enhancing traffic generation, cross shopping synergy, and diversified income streams. Developed in 2019 and recently refreshed, the property offers investors a modern, well-maintained retail environment with minimal near-term capital requirements.
The offering provides investors with stable, in-place cash flow supported by a diversified rent roll and a weighted average lease term of approximately 8.8 years. In-place rents present mark-to-market upside, with several tenants operating below current market levels, providing embedded NOI growth potential through future lease rollover. Long-term anchor tenancy, contractual rent increases, and strong tenant demand within the submarket position the asset for continued income durability. Additionally, the property benefits from strong underlying real estate fundamentals driven by population growth, elevated household incomes, and sustained retail demand within the Concord submarket.