10615 Twin Lakes PkwyCharlotte, NC 28269

Property Details for 10615 Twin Lakes Pkwy

Lot size

8.65 AC

Property size (Sq ft)

45,205 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional 45,205 square foot retail property, renovated in 2024, is ideally situated on an 8.65-acre lot in Charlotte, NC's Northlake neighborhood. Boasting prominent highway visibility and adjacency to I-485 and I-77, this location benefits from its strategic "auto row" placement near other luxury dealerships, including Audi, Mercedes-Benz, BMW, and Lexus. The property features a new long-term lease with Tesla, providing a stable, investment-grade tenant. The site's strong demographics include a population exceeding 149,000 within a five-mile radius, with an average household income over $137,000, perfectly aligning with Tesla's target market. The Charlotte MSA boasts a population of 2,267,000, reflecting a 2.86% increase from 2022. Further enhancing the property's value is its proximity to Bryton Town Center, featuring a Walmart Supercenter, McDonald's, and other retail amenities. Adjacent land is slated for multi-family development, adding to the area's growth potential. The property offers significant parking capacity and a 5.75% cap rate. This is a rare opportunity to acquire a high-performing asset in a thriving market with a strong, creditworthy tenant. The address is 10615 Twin Lakes Pkwy, Charlotte, NC 28269.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.3662

Longitude

-80.8379

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