1001 E Wt Harris Blvd
Charlotte, NC 28213
100% Occ.|Near UNC Charlotte|Below Mkt Rents · Retail Property For Sale
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ATTACHMENTS
Town Center 3-1-2019 |
PROPERTY FACTS
- Storefront
- General Retail Restaurant
- Office Medical
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.
LINKS
PROPERTY TAXES
Parcel Number | 049-282-10 | Improvements Assessment | $4,465,200 |
Land Assessment | $2,594,100 | Total Assessment | $7,059,300 |
Listing ID: 10051062
Date on Market: 11/20/2017
Last Updated:
Address: 1001 E Wt Harris Blvd, Charlotte, NC 28213
The College Downs Retail Property at 1001 E Wt Harris Blvd, Charlotte, NC 28213 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.