9105 Pineville-Matthews Rd Pineville, NC 28134

This exceptional retail investment opportunity presents the Terraces Shops, a 4,000 square foot shopping center located in Pineville, North Carolina. Boasting a 100% occupancy rate with two strong tenants, T-Mobile and Sabor Latin Street Grill, this property generates a substantial Net Operating Income (NOI) of $130,833, representing a compelling 6.25% capitalization rate. Built in 2004, the single-story building sits on a 0.718-acre lot and includes 22 parking spaces. The property benefits from a highly desirable location, situated on Pineville-Matthews Road, directly across from the 307-bed Atrium Health Pineville hospital, which recently expanded with a new eight-story patient tower. This proximity to a major medical facility ensures a consistent flow of daytime traffic. Furthermore, the center's strategic location off the NC-51 interchange of I-485, a major thoroughfare with 175,500 combined vehicles per day, provides excellent visibility and accessibility. The affluent surrounding area, with average household incomes exceeding $95,000 within a one-mile radius and significantly higher in nearby Quail Hollow and Ballantyne, contributes to strong tenant performance. Placer.ai data indicates substantial year-over-year foot traffic increases for both tenants, exceeding 23% for T-Mobile and 29.6% for Sabor. The property is a triple-net (NNN) lease, and rent bumps are included in the lease agreements. This turnkey investment offers a rare combination of strong financial performance, excellent location, and significant growth potential. The property features a total of two units.