For Sale
$4,500,000

12194 Johnston RdCharlotte, NC 28277

Ballantyne, NC Shopping Center: 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Prime Ballantyne, Charlotte location.
  • Adjacent to Ballantyne Corporate Park, a 4.5M SF mixed-use development with Class A office, medical space, hotels, parks, and retail.
  • Exceptional demographics: $150,000+ average household income (40% above Charlotte average), high projected growth (6%).
  • Low retail vacancy, below-market rents.
  • Attractive 2013 construction with brick facade.
  • Easy-to-manage property with three long-term tenants.

Property Details for 12194 Johnston Rd

Property type
Lifestyle centers, Power centers
Square Feet
8,008 SF
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
60,548 SF
Units
3

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.0723984
Longitude
-80.8424771
12194 Johnston Rd, Charlotte, North Carolina

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12194 Johnston Rd
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