For Sale
Call for price

2801 Sugar Creek RdCharlotte, NC 28262

Three properties, 43,107 SF, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a three-property retail portfolio totaling 43,107 square feet. The portfolio comprises three multi-tenant shopping centers, strategically located across high-growth areas in Charlotte, North Carolina, and Fort Mill, South Carolina. Currently operating at or near 100% occupancy, this value-add opportunity offers significant upside potential through immediate mark-to-market rent adjustments. The average in-place rental rate is substantially below market, promising a substantial increase in net operating income (NOI) within the first year. Flexible lease terms with near-term rollover or renewal options provide further flexibility for new ownership. Modified gross leases offer the potential for conversion to NNN leases upon renewal. The properties benefit from convenient access and high visibility, situated near major thoroughfares and experiencing steady population growth in surrounding areas. Each center is strategically positioned within thriving neighborhoods, with ongoing retail and residential development nearby. This portfolio is debt-free and priced below replacement cost, representing a compelling investment in a dynamic market with low vacancy rates and consistent year-over-year rental increases. The portfolio's location offers excellent connectivity to Charlotte's city center and benefits from high traffic counts. This is a rare opportunity to acquire a well-performing, multi-property retail portfolio with significant upside potential in a rapidly growing market. Addresses include 2801-2825 W Sugar Creek Rd and 2945 Derita Ave in Charlotte, NC, and 818 Tom Hall St in Fort Mill, SC.

Highlights

  • Three-property retail portfolio totaling 43,107 square feet in high-growth Charlotte, NC and Fort Mill, SC.
  • Currently 100% occupied with significant mark-to-market rent upside.
  • Below-market rents offer substantial NOI growth potential.
  • Flexible lease terms with near-term rollover options.
  • Modified gross leases convertible to NNN leases.
  • Debt-free and priced below replacement cost.

Property Details for 2801 Sugar Creek Rd

Property type
Lifestyle centers, Power centers
Square Feet
43,107 SF

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.3000315
Longitude
-80.8018093
2801 Sugar Creek Rd, Charlotte, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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 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 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].
2801 Sugar Creek Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message