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1513-1521 S Mint St

12,288 SF 100% Leased Retail Building Charlotte, NC 28203 $7,217,000 ($587/SF) 6% Cap Rate

Investment Highlights

  • Dense, Affluent & Booming Demographics
  • Experienced Multi-Unit Operators
  • Heart of South Edn's Gold District
  • Annual 3% Rent Growth From Each Tenant

Executive Summary

1515 S Mint Street is in the heart of South End's Gold District, one of the fastest growing sub-markets in the nation. Within a 1-mile radius of the asset there are over 20K people boasting average household incomes more than $140K. The annual population growth rate over the next 5-years is over 7% within 1-mile. The rent roll is comprised of 100% multi-unit operators and service-oriented tenant concepts. The site is surrounded by thousands of existing, recently delivered, and under construction apartments and is less than 10-minutes walking distance from the Bland St Station of the Light Rail and a 15-minute walk to Bank of America Stadium. Ownership completed a major overhaul renovation of 1515 S Mint St replacing the entire roof, which carries an assignable 20-year manufacturer’s warranty, as well as new walls, floors, windows, etc. Ownership was able to maintain some of the properties historic brick.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
12,288 SF
Building Class
B
Year Built/Renovated
1946/2021
Price
$7,217,000
Price Per SF
$587
Cap Rate
6%
NOI
$433,044
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Land Acres
0.52 AC
Zoning
TO-NC(HDO)
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Orangetheory Fitness
North Italia
Barcelona Wine Bar
Fifth Third Bank
Spenga
Revolution
U.S. Bank
Flower Child
F45 Training, Inc.
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
119-083-15
Land Assessment
$568,200
Improvements Assessment
$669,400
Total Assessment
$1,237,600
  • Listing ID: 31523453

  • Date on Market: 4/16/2024

  • Last Updated:

  • Address: 1513-1521 S Mint St, Charlotte, NC 28203

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