This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
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
259 FT on charlotte Way

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Accent Lighting
  • Listing ID: 33724066

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 235 Medical Park Rd, Mooresville, NC 28117

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}