Grocery-Anchored Leased Retail
6407 South Boulevard Charlotte, NC 28217
6407 South Boulevard, Charlotte, NC, 28217
Contact for pricing
For Sale
Contact for pricing
32,942 SF retail center on South Boulevard, 100% leased and anchored by WOW Supermarket.
Property Size32,942 SF
Price / SF$303.56
Days on Market80
Property Features for 6407 South Boulevard
General Information
- Standard status
- Active
- Size
- 32,942 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agency
Berkeley Capital Advisors Charlotte
Listed by
Morgan Hall · License #NC 303815
Source
Crexi
Added: May 4 Updated: Jul 21 at 7:11PM Checked: Jul 22 at 5:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
Grand Oaks is a 32,942 SF retail center offered for sale on a fully leased basis. The property is anchored by WOW Supermarket and includes ten shop tenants with near-term lease expirations.
The center is located along South Boulevard, a high-traffic commercial corridor with approximately 29,000 vehicles per day. It is also about 0.3 miles from the nearest LYNX Blue Line station, Charlotte’s primary rapid transit line serving more than 27,700 daily riders.
Grand Oaks benefits from its proximity to South End and SouthPark, with approximately 2,100 multifamily units delivered within a two-mile radius of the site since 2020.
The center is located along South Boulevard, a high-traffic commercial corridor with approximately 29,000 vehicles per day. It is also about 0.3 miles from the nearest LYNX Blue Line station, Charlotte’s primary rapid transit line serving more than 27,700 daily riders.
Grand Oaks benefits from its proximity to South End and SouthPark, with approximately 2,100 multifamily units delivered within a two-mile radius of the site since 2020.
Key Highlights
- 32,942 SF 100% leased retail center in Charlotte, NC
- Anchored by WOW Supermarket
- Located along South Boulevard, a commercial corridor with approximately 29,000 vehicles per day
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $869.7k | $26.40 |
| − Vacancy | −$21.7k | −$0.66 |
| EGI | $847.9k | $25.74 |
| − OpEx | −$212.0k | −$6.44 |
| NOI | $635.9k | $19.31 |
32,942 SF · lease $26.40/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$9.08M
$7.95M – $10.60M
NOI $635,945 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$7.88M
$6.89M – $9.19M
NOI $551,548 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$10.97M
$9.60M – $12.80M
NOI $767,883 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medrano Express
Trucking Company
Eliza's Shapes & Boutique
Clothing Store
Nunez Cargo Express, ...
Shipping Company
Regional Finance
Loan Service
American Back Care ...
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Identificación huellas — 910 E Arrowood Rd, Charlotte, NC 28217
- Starmount Shopping Center — Charlotte, NC 28210
- Piedmont Row Charlotte — 6609 Central Pacific Ave, Charlotte, NC 28210
- Coin Cloud Bitcoin ATM — 6111 South Blvd, Charlotte, NC 28217
- South Oak Center — 809 E Arrowood Rd, Charlotte, NC 28217
FAQs
What type of property is this?
Shopping center - 32,942 SF retail center on South Boulevard, 100% leased and anchored by WOW Supermarket.
Where is this shopping center located?
The property is located at 6407 South Boulevard Charlotte, NC.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 32,942 SF 100% leased retail center in Charlotte, NC; Anchored by WOW Supermarket; Located along South Boulevard, a commercial corridor with approximately 29,000 vehicles per day
