1515 Mint StCharlotte, NC 28203
High-yield, multi-tenant retail investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
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
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