4824 Berewick Town Ctr Dr Charlotte, NC 28273
Profitable investment opportunity with a desirable NNN lease term.
Property size:
81 SFLot size:
0.81 AcresProperty Features for 4824 Berewick Town Ctr Dr
General Information
- Size
- 81 SF
- Lot size
- 0.81 Acres
Source:
Cbcworldwide
Listing Agent: Vasili Kakavitsas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Leased Restaurant Property Near Outlets
This 0.81-acre property is a leased investment opportunity located in a bustling corridor near the Charlotte Premium Outlets. The property is currently leased to Margarita Mexican Restaurant, a successful restaurant chain with multiple locations. The NNN lease has approximately 5.5 years remaining with two 5-year options, and features annual rent increases of 2%. The property is situated near the entrance to the Berewick Master Plan Community, which includes over 2,000 homes and townhomes, more than 500 apartments, a 130-key hotel, and 16,000 square feet of medical office space. It is less than 0.5 miles from Exit 4 on I-485, with a traffic volume of 129,000 vehicles per day, and is an outparcel to the Berewick Town Center, anchored by Harris Teeter. The surrounding submarket is affluent, with an average household income exceeding $150,000 within a 1-mile radius, and strong projected population growth. The property is approximately 10 minutes from Charlotte Douglas International Airport and near a substantial industrial presence of 7.6 million square feet within a 2-mile radius. The future River District, a 1,300-acre development with 8 million square feet of office space, 500,000 square feet of retail, and thousands of homes and apartments, is also nearby. The tenant fully reimburses CAM.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Map
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.9507
- Latitude
- 35.1299
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Profitable investment opportunity with a desirable NNN lease term.
Where is this conventional restaurant located?
The property is located at 4824 Berewick Town Ctr Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $3,898,706.
What are key features of this property?
This property features: - Income-producing property with Margarita Mexican Restaurant tenant (6 locations) evidenced by monthly sales.; - Desirable NNN lease term with 5.5 years remaining and two 5-year options with 2% annual rent increases.; - Located near Charlotte Premium Outlets and Berewick Master Plan Community (2,000+ homes & townhomes, 500+ apartments).