6201 Albemarle RdCharlotte, NC 28212

For Sale
$3,000,000

High-yield retail investment, Charlotte, NC

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 15,565-square-foot shopping center presents a compelling investment opportunity in Charlotte, North Carolina. Located on a high-traffic section of Albemarle Road (48,000 vehicles per day), this single-story, 1979-built property boasts 100% occupancy with five diverse tenants, generating a strong net operating income (NOI) of $216,000 and a 7.20% capitalization rate. The asking price is $3,000,000, translating to $192.74 per square foot. The property features convenient access from both Albemarle Road and Farm Pond Lane, ample parking, and three flush loading docks, along with one open loading dock and one additional access point. Situated on a 58,153-square-foot lot, the center benefits from its proximity to the burgeoning Eastland Yards mixed-use development, offering a blend of residential, commercial, and recreational amenities. Its convenient location is also just 15 minutes from Charlotte's city center. The property is zoned for general commercial use and underwent renovations three years ago. This sale-leaseback opportunity offers a stable income stream and significant growth potential in a thriving market. The property consists of four units within a single building.

Highlights

  • $3,000,000 asking price for this 15,565 square foot shopping center.
  • 7.20% cap rate with a $216,000 NOI.
  • 100% occupancy with five tenants in a multi-tenant retail property.
  • Located at 6201 Albemarle Rd, Charlotte, NC 28212, on a 58,153 square foot lot.
  • Built in 1979, renovated 3 years ago, featuring one single-story building.
  • General Commercial zoning.

Property Details for 6201 Albemarle Rd

Property type
Lifestyle centers, Power centers
Square Feet
15,565 SF
Year Built/Renovated
1979/3
Buildings
1
Stories
1
Units
4

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.203099316825
Longitude
-80.74006088485
6201 Albemarle Rd, Charlotte, North Carolina

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6201 Albemarle Rd
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