12194 Johnston Rd Charlotte, NC 28277-4481
This exceptional 8,008 square foot shopping center in Charlotte, North Carolina presents a compelling investment opportunity. Located in the affluent Ballantyne neighborhood, this single-story, 2013-built property boasts a 1.39-acre lot and an attractive brick facade. Currently housing three service-oriented tenants—T-Mobile, MyEyeDr., and Trek Bicycle Store—the center enjoys 100% occupancy and a strong 6.66% cap rate. The property benefits from its strategic location across from the Ballantyne Corporate Park, a thriving mixed-use development encompassing 4.5 million square feet of Class A office and medical space, hotels, parks, and the vibrant Bowl at Ballantyne dining and retail district. Exceptional demographics, with average household incomes exceeding $150,000 (40% above the Charlotte average), and projected 6% growth, further enhance the investment potential. Below-market rents and ease of management with long-term tenants (all present since construction) contribute to a stable and attractive cash flow. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a rapidly growing market. The property features three units and is offered at $4,500,000. Parcel number is 223-231-47.
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Dr. John Moonan Physician
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Thomas Ryan Coccia Physician
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Trek Bicycle Store of Charlotte (Bike/Boat/Book/etc) Store
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MyEyeDr. Eye Care Center Contact Lenses Supplier
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Thomas Coccia Physician
The commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Charlotte, NCThe commercial center development district is hereby established in order to accommodate, in areas outside of the Uptown Charlotte expressway loop, the development of shopping centers and individual retail establishments primarily larger than 70000 sq ft of floor area
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.