Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I1 · Charlotte, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for I1 in Charlotte, NC.
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