1127 Charlotte Hwy Troutman, NC 28166
This Class A, 53,000 square foot shopping center is situated on 9.2 acres at the highly visible intersection of Charlotte Highway and Crosstie Lane in Troutman, North Carolina (zip code 28166). The center features 261 parking spaces and offers multiple suite options ranging from 1,200 to 10,000 contiguous square feet, with a total of 15 suites available. Food Lion, the anchor tenant, is slated to open in early 2025, with other retail spaces ready for occupancy in late 2025. This development benefits from its location within one mile of over 1,250 recently completed or under-construction residential units, and an additional 700+ units in the planning stages. Furthermore, a planned 1.7 million square foot industrial development by TPA Group will bring significant employment opportunities to the area, boosting the local economy and increasing foot traffic to the shopping center. The property was built in 2025. This presents a unique opportunity to establish a presence in a rapidly growing community with strong residential and employment growth projections. The center's strategic location and the presence of a major grocery anchor make it an attractive investment for businesses seeking high visibility and a thriving customer base.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.