235 Medical Park Rd | Mooresville, NC 28117
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235 Medical Park Rd
Mooresville, NC 28117
Retail Property For Sale
Investment Highlights
- Fully Leased with a cohesive, long standing tenant mix.
- Excellent proximity to professional office, medical office, and a diverse retail community.
- 1.2 miles from the Lowe’s Home Improvement Corporate offices.
- Mix of local and National Tenants.
- 0.4 miles from Lake Norman Regional Hospital.
- Charlotte Highway (US 21) with 24,000 VPD.
Executive Summary
This investment opportunity presents a rare combination of stability and growth potential, centered around a fully leased retail and medical building strategically positioned within close proximity to a bustling commercial district spanning 1.5 million square feet. Moreover, with a projected population growth of 10-12%, the surrounding area promises sustained demand for both retail and medical services, underpinning the long-term viability of the investment. This unique blend of a stable, income-generating asset and
promising growth prospects positions the investment as an attractive proposition for investors seeking both short-term returns and long-term appreciation.
promising growth prospects positions the investment as an attractive proposition for investors seeking both short-term returns and long-term appreciation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,460 SF
Building Class
B
Year Built
2006
Price
$3,751,668
Price Per SF
$301
Cap Rate
6.85%
NOI
$256,989
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
0.43
Lot Size
0.66 AC
Zoning
NC - L2 MT MOURNE SPRINGS PB 48-13
Parking
24 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Accent Lighting
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