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8010 Northlake Creek Dr
Charlotte, NC 28216
Chase Bank & Kay Jewelers · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand-new 2025 construction with 100% occupancy
- High-visibility corner location with 53,500 VPD
- Strong demographics with $105K+ average household income (3-mile radius)
- 15-year NNN lease with JPMorgan Chase Bank (S&P: AA-)
- Adjacent to Lowe’s and near Northlake Mall (2.2M visits/year)
EXECUTIVE SUMMARY
This newly constructed, dual-tenant retail asset features long-term leases with two nationally recognized, investment-grade tenants—JPMorgan Chase Bank and Kay Jewelers—positioned in a high-traffic, high-growth corridor of Charlotte, NC. Located at the signalized intersection of W.T. Harris Blvd and Reames Rd (53,500 VPD combined), and just minutes from I-77 and I-485, the property offers exceptional visibility and accessibility.
Chase Bank occupies 3,062 SF under a brand-new 15-year NNN lease commencing September 2025, with 10% rent escalations every five years and four 5-year renewal options. Kay Jewelers, occupying 2,562 SF, begins a 10-year NNN lease in June 2025 with two 5-year renewal options and similar escalation terms. The asset generates a combined NOI of $330,300, supported by a strong pro forma and recoverable CAM structure.
Strategically located near Northlake Mall (2.2M annual visits) and surrounded by national retailers such as Lowe’s, Target, Best Buy, and REI, the property benefits from robust foot traffic and a dynamic retail ecosystem. The surrounding area boasts an average household income exceeding $105,000 within a 3-mile radius and is experiencing rapid population growth.
This offering presents a rare opportunity to acquire a stabilized, low-maintenance asset with institutional-grade tenancy in one of the Southeast’s fastest-growing MSAs.
Chase Bank occupies 3,062 SF under a brand-new 15-year NNN lease commencing September 2025, with 10% rent escalations every five years and four 5-year renewal options. Kay Jewelers, occupying 2,562 SF, begins a 10-year NNN lease in June 2025 with two 5-year renewal options and similar escalation terms. The asset generates a combined NOI of $330,300, supported by a strong pro forma and recoverable CAM structure.
Strategically located near Northlake Mall (2.2M annual visits) and surrounded by national retailers such as Lowe’s, Target, Best Buy, and REI, the property benefits from robust foot traffic and a dynamic retail ecosystem. The surrounding area boasts an average household income exceeding $105,000 within a 3-mile radius and is experiencing rapid population growth.
This offering presents a rare opportunity to acquire a stabilized, low-maintenance asset with institutional-grade tenancy in one of the Southeast’s fastest-growing MSAs.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,624 SF
Building Class
B
Year Built
2025
Price
$6,000,000
Price Per SF
$1,066.86
Cap Rate
5.50%
NOI
$330,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.99 AC
Zoning
B-2(CD) - a general business zoning designation with conditional zoning
PROPERTY TAXES
| Parcel Number | 025-221-13 | Improvements Assessment | $350,500 |
| Land Assessment | $1,076,000 | Total Assessment | $1,426,500 |
PROPERTY TAXES
Parcel Number
025-221-13
Land Assessment
$1,076,000
Improvements Assessment
$350,500
Total Assessment
$1,426,500
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