Shopping Strip
The Shoppes of Conover | Walmart Shadow
1517 N Nc 16 Hwy, Conover, NC 28613
Listing Price: $2,820,468
Cap Rate
7.75%
Gross SF
10,017
Rentable SF
10,017
Price/Gross SF
$281.57
Lot Size
1.00 acres
Year Built
2009
Investment Overview
CHARLOTTE, NC MSA | LARGEST MSA IN NORTH CAROLINA
NATIONAL BRAND TENANTS: SUBWAY, HWY 55 BURGERS AND AT&T
The Shoppes of Conover | Walmart Shadow
Investment Highlights
- ONLY MULTI-TENANT RETAIL CENTER WITHIN THIS WALMART DEVELOPMENT
- 100% LEASED TO FIVE (5) TENANTS
- 3 TENANT WITH NO REMAINING OPTIONS | UPSIDE POTENTIAL IN RENEGOTIATING RENTAL RATES
- ALL TENANTS ON TRIPLE NET (NNN) LEASES
- GOOD POPULATION | 47,000+ 5-MILE POPULATION
- RECENT LEASE RENEWALS FOR HWY 55 BURGERS AND JIN'S BUFFET
- ADJACENT TO 219 ACRE SITE PURCHASED BY MICROSOFT FOR BRAND NEW DATA CAMPUS
- MICROSOFT PLANS TO BUILD 4 NEW DATA CENTERS IN CATAWBA COUNTY, NC | INVESTMENT OF $1 BILLION
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,820,468
Cap Rate
7.75%
Gross SF
10,017
Rentable SF
10,017
Price/Gross SF
$281.57
Lot Size
1.00 acres
Year Built
2009
Investment Highlights
- ONLY MULTI-TENANT RETAIL CENTER WITHIN THIS WALMART DEVELOPMENT
- 100% LEASED TO FIVE (5) TENANTS
- 3 TENANT WITH NO REMAINING OPTIONS | UPSIDE POTENTIAL IN RENEGOTIATING RENTAL RATES
- ALL TENANTS ON TRIPLE NET (NNN) LEASES
- GOOD POPULATION | 47,000+ 5-MILE POPULATION
- RECENT LEASE RENEWALS FOR HWY 55 BURGERS AND JIN'S BUFFET
- ADJACENT TO 219 ACRE SITE PURCHASED BY MICROSOFT FOR BRAND NEW DATA CAMPUS
- MICROSOFT PLANS TO BUILD 4 NEW DATA CENTERS IN CATAWBA COUNTY, NC | INVESTMENT OF $1 BILLION
Investment Overview
CHARLOTTE, NC MSA | LARGEST MSA IN NORTH CAROLINA NATIONAL BRAND TENANTS: SUBWAY, HWY 55 BURGERS AND AT&T
Exclusively Listed By
Broker of Record
Financing By
