12194 Johnston RdCharlotte, NC 28277

Property Details for 12194 Johnston Rd

Year built

2013

Lot size

1.40 AC

Property size (Sq ft)

8,078 SF

Zone code

CC

Property type

Retail space

APN

22323147

APU

22323147

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,208,828

  6.5%

  $2,961,994

  7%

  $2,750,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,447,180

  Geo Method

  $3,447,180

• Alternative Use

  Use

  Valuation

  Residential

  $2,498,553

  Hospitality

  $2,288,662

  Educational

  $1,904,139

  Medical

  $1,969,626

  Retail

  $2,961,994

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.0722

Longitude

-80.8424

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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