1515 Mint St Charlotte, NC 28203
High-yield, multi-tenant retail investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 12,288 SF Class A multi-tenant retail building on a 0.51-acre lot in Charlotte, NC's South End.
- 100% occupancy with three tenants, primarily food & beverage (78% of GLA) and a regional orthodontist (22% of GLA), all with proven track records.
- Recently renovated (2020) with a new roof (20-year warranty), offering a strong NOI of $433,044 and a 6.00% cap rate.
- Excellent location in the Gold District, near apartments, the Bland St Light Rail Station, and Bank of America Stadium.
- Strong demographics: over 20,000 people within a 1-mile radius, average household income exceeding $140,000, and projected 7%+ annual population growth.
- All leases include 3% annual rent increases, providing inflation protection.
Property Details for 1515 Mint St
- Property type
- Retail properties, Retail space
- Square Feet
- 12,288 SF
- Class
- A
- Year Built/Renovated
- 1946/2020
- Lot Size (sq. ft)
- 22,259 SF
Location Insight
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Latitude
- 35.218785919399
- Longitude
- -80.861337247029
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, multi-tenant retail investment.
- Where is the retail property located?
- The property is located at 1515 Mint St Charlotte, NC.
- What is the asking price?
- The asking price for this property is $7,217,000.
- What are key features of this property?
- This property features: 12,288 SF Class A multi-tenant retail building on a 0.51-acre lot in Charlotte, NC's South End.; 100% occupancy with three tenants, primarily food & beverage (78% of GLA) and a regional orthodontist (22% of GLA), all with proven track records.; Recently renovated (2020) with a new roof (20-year warranty), offering a strong NOI of $433,044 and a 6.00% cap rate.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].