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Shopping Strip

Sun Valley Commons

6751 Old Monroe Rd, Indian Trail, NC 28079

Listing Price: $5,450,000

Cap Rate
6.70%
Gross SF
20,273
Rentable SF
20,273
Price/Gross SF
$268.83
Lot Size
2.27 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present for sale a 20,273 square foot retail strip center located in Indian Trail, North Carolina. The subject property, Sun Valley Commons, is 20,273 was constructed in 2008 and is 91-percent occupied with five local tenants including Roar Tae Kwon Do, Belles Nails, La Soleil Salon, Sun Valley Café, and Trail House Bar and Grill. The subject property is located within Sun Valley Commons, a 250,000 square foot, master-planned, mixed-use development in the heart of Indian Trail, North Carolina. The property is situated at the intersection of Old Monroe Road and Wesley Chapel Stouts Road (41,500 vehicles per day). The property has multiple points of ingress/egress off both streets. Retailers in the surrounding area include CVS Pharmacy, Starbucks, Papa John’s, McDonald’s, Dunkin’, Good Year, Moe’s Southwest Grill, and Sweet Frog. A newer construction Publix anchored shopping center, Jet’s Pizza, Culver’s, and East Coast Wings is located across Wesley Chapel Stouts Road. A Harris Teeter anchored shopping center, Bojangles, Pizza Hut, and MOD Pizza is located across Old Monroe Road. Additional points of interest surrounding the subject property include Sun Valley High School, Sun Valley Middle School, Sun Valley Elementary School, Lowe’s Home Improvement, a Harris Teeter Distribution Center, Food Lion, Dollar General, Aldi, and more.

Investment Highlights

  • Multi-Tenant Retail Strip | Charlotte, NC Suburb | 20,273 Sq. Ft.
  • 2008 Construction | New Roof in 2020 | 2.27 Acres | 95+ Parking Spaces
  • Recent 10-Year Lease Extension with Anchor Tenant
  • Service-Based Tenant Mix: Food/Beverage, Martial Arts, Nail Salon, Hair Styling, etc.
  • Positioned within Sun Valley Commons: 250,000 Square Foot, Mixed-Use, Master-Planned Development
  • Nearly $95,000 Average Household Incomes (3-Mile Radius)
  • Nearby Retailers: CVS Pharmacy, Starbucks, Papa John's, McDonald's, Dunkin', Publix, Harris Teeter, and More
  • Indian Trail | Largest Town in Union County | 15-Miles to Charlotte, NC

Exclusively Listed By

Listing Price: $5,450,000

Cap Rate
6.70%
Gross SF
20,273
Rentable SF
20,273
Price/Gross SF
$268.83
Lot Size
2.27 acres
Year Built
2008

Investment Highlights

  • Multi-Tenant Retail Strip | Charlotte, NC Suburb | 20,273 Sq. Ft.
  • 2008 Construction | New Roof in 2020 | 2.27 Acres | 95+ Parking Spaces
  • Recent 10-Year Lease Extension with Anchor Tenant
  • Service-Based Tenant Mix: Food/Beverage, Martial Arts, Nail Salon, Hair Styling, etc.
  • Positioned within Sun Valley Commons: 250,000 Square Foot, Mixed-Use, Master-Planned Development
  • Nearly $95,000 Average Household Incomes (3-Mile Radius)
  • Nearby Retailers: CVS Pharmacy, Starbucks, Papa John's, McDonald's, Dunkin', Publix, Harris Teeter, and More
  • Indian Trail | Largest Town in Union County | 15-Miles to Charlotte, NC

Investment Overview

Marcus & Millichap is pleased to present for sale a 20,273 square foot retail strip center located in Indian Trail, North Carolina. The subject property, Sun Valley Commons, is 20,273 was constructed in 2008 and is 91-percent occupied with five local tenants including Roar Tae Kwon Do, Belles Nails, La Soleil Salon, Sun Valley Café, and Trail House Bar and Grill. The subject property is located within Sun Valley Commons, a 250,000 square foot, master-planned, mixed-use development in the heart of Indian Trail, North Carolina. The property is situated at the intersection of Old Monroe Road and Wesley Chapel Stouts Road (41,500 vehicles per day). The property has multiple points of ingress/egress off both streets. Retailers in the surrounding area include CVS Pharmacy, Starbucks, Papa John’s, McDonald’s, Dunkin’, Good Year, Moe’s Southwest Grill, and Sweet Frog. A newer construction Publix anchored shopping center, Jet’s Pizza, Culver’s, and East Coast Wings is located across Wesley Chapel Stouts Road. A Harris Teeter anchored shopping center, Bojangles, Pizza Hut, and MOD Pizza is located across Old Monroe Road. Additional points of interest surrounding the subject property include Sun Valley High School, Sun Valley Middle School, Sun Valley Elementary School, Lowe’s Home Improvement, a Harris Teeter Distribution Center, Food Lion, Dollar General, Aldi, and more.

Exclusively Listed By

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