Property profile

1515 Mint St Charlotte, NC 28203

OFF-MARKET
Retail space
Property ID
US53-2036802
6,800 SF 0.17 ac lot Built 1946
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Class A, multi-tenant storefront property at 1515 S Mint St, Charlotte, NC 28203, presents a compelling investment opportunity. Boasting 12,288 square feet on a 0.511-acre lot, this stabilized investment features three tenants with a 100% occupancy rate and a remaining lease term of 6.4 years. The property, built in 1946 and extensively renovated in 2020 (including a new roof with a 20-year warranty), benefits from a strong NOI of $433,044 and a 6.00% cap rate, with an asking price of $7,217,000 ($587.32/sq ft). The tenant mix comprises primarily food and beverage establishments (78% of GLA) and a regional orthodontist (22% of GLA), all experienced multi-unit operators with proven track records across the Carolinas. Located in the heart of South End's Gold District, this property enjoys excellent walkability, proximity to thousands of apartments, and is less than a 10-minute walk from the Bland St Light Rail Station and a 15-minute walk from Bank of America Stadium. The property benefits from a dense, affluent, and rapidly growing demographic area, with over 20,000 people within a 1-mile radius boasting average household incomes exceeding $140,000 and a projected 7%+ annual population growth over the next five years. All leases include contractual 3% annual rent increases, providing a built-in hedge against inflation. This is a rare opportunity to acquire a high-performing, well-located retail asset in one of the nation's fastest-growing submarkets. The NNN lease structure further minimizes landlord responsibilities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 6,800 SF
Lot 0.17 ac (7,407 SF)
Zoning code I1
APN 11908316
UPID US53-2036802

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1515 Mint St Charlotte, NC 28203-4346
Charlotte metro Census 3600 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.12M
CAP Approach CAP
$1.75M
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$2.19M

Owner & transaction history

since 2020
Last sale
$1.9M
7 recorded transactions
2022
Price N/A
2020
Price N/A
2020
$1.9M
2017
Price N/A
2014
$800,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Charlotte, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1515 Mint St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message