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1001 E Wt Harris Blvd
Charlotte, NC 28213

100% Occ.|Near UNC Charlotte|Below Mkt Rents · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
41,069 SF
Building Class
B
Year Built
1990
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
4.60 AC
Zoning
B1SCD - Business Service Commercial district
Parking
288 Spaces (7.19 Spaces per 1,000 SF Leased)
Frontage
460 FT on Wt Harris Blvd

AMENITIES

  • Restaurant
  • Signage

ABOUT 1001 E WT HARRIS BLVD , CHARLOTTE, NC 28213

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the 40,061 S.F., Charlotte Town Business Center located in the University neighborhood of Charlotte, North Carolina. The property is being offered for $6,900,000, representing an attractive 8.31% CAP and high 15% projected year-1 cash-on cash return. The current tenant roster offers below market rental rates creating significant upside potential as well as an “in demand” location offering some of the most attractive rental opportunities in the immediate vicinity surrounding the university. All but one of the tenants are on Triple Net (NNN) lease structures and over 70% of the center’s leases include rental increases during the current term creating future upside for an investor. With this property’s position less than 1-mile from the University of North Carolina at Charlotte, an investor has the opportunity to acquire a 100% occupied asset centered in a growing residential community with great population density and demand for the tenants and services in the business center. Between 2004 and 2014, Charlotte was ranked as the country's fastest growing metro area, with 888,000 new residents.

PROPERTY TAXES

  • Listing ID: 10051062

  • Date on Market: 11/20/2017

  • Last Updated:

  • Address: 1001 E Wt Harris Blvd, Charlotte, NC 28213