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3812 Corning Pl

4,694 SF Retail Building Charlotte, NC 28216 $3,271,000 ($697/SF) 5.35% Cap Rate

Restaurants North Carolina Charlotte 3812 Corning Pl, Charlotte, NC 28216

Investment Highlights

  • New Format Location - The Joey.
  • Highly visible location.
  • Major retails nearby.
  • Triple Net Lease.

Executive Summary

Simpson Commercial Real Estate has been exclusively engaged to market the sale of the Outback Steakhouse ground lease located at Riverbend Village in Charlotte, NC. The Premises is leased to Outback on with a 15-year initial term with four (4) – five (5) year options. The location is well-positioned out parcel within the 140-acre Riverbend Village development and has exceptional visibility to Highway 16 and access to I-485. Riverbend is a hub of activity for consumers with major anchors including Harris Teeter, restaurants and service operators, Corning Optical Headquarters, and 470 residential units. Additional development for a hotel and medical center onsite is also planned in the future.

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment NNN
Sale Conditions
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,694 SF
Year Built
2023
Price
$3,271,000
Price Per SF
$697
Cap Rate
5.35%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.23 AC
Zoning
NS
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Nearby Major Retailers

Chase
9Round
Anytime Fitness
Freddy's Frozen Custard & Steakburgers
Chicken Salad Chick
Bank of America
Harris Teeter
Starbucks
Planet Fitness

PROPERTY TAXES

Parcel Number 033-046-92 Improvements Assessment $0
Land Assessment $1,171,000 Total Assessment $1,171,000

PROPERTY TAXES

Parcel Number
033-046-92
Land Assessment
$1,171,000
Improvements Assessment
$0
Total Assessment
$1,171,000
(704) 781-7109

Contacts

  • Listing ID: 32518090

  • Date on Market: 7/19/2024

  • Last Updated:

  • Address: 3812 Corning Pl, Charlotte, NC 28216

More public record information on 3812 Corning Pl, Charlotte, NC 28216

The Retail Property at 3812 Corning Pl, Charlotte, NC 28216 is currently available for sale. Contact Simpson Commercial Real Estate for more information.

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3812 Corning Pl
(704) 781-7109 x

3812 Corning Pl

1/2

Wells Herndon

(704) 781-7109

(704) 781-7109

William Hatcher

(704) 413-4890

(704) 413-4890

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