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10012 Weiss Way 12,940 SF Retail Building Waxhaw, NC 28173 $7,357,296 CAD ($568.57 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Affluent Charlotte Suburb: Waxhaw is an upscale residential community located ~30 minutes south of Charlotte, part of the fast-growing Union County
- Explosive Population Growth: Waxhaw has experienced significant population increases over the past decade due to suburban migration
- Retail Demand Drivers: Strong daytime population supported by a mix of residential density, local employers, and proximity to Charlotte’s metro
- High-Income Demographics: Median household income exceeds $235,000 within a 1-mile radius
- Desirable Quality of Life: Known for its excellent schools, historic downtown, and proximity to nature trails and green space
- Limited Retail Competition: Low retail vacancy and limited new retail development in the immediate area contribute to long-term tenant success
EXECUTIVE SUMMARY
The store has demonstrated strong performance, with an 8.3% increase in business over the past three years and ranks in the top third of CVS locations nationally and locally, and in the top 25% statewide, according to data from Placer.ai.
The lease includes nearly six years remaining on the original term, followed by four (4) five-year renewal options, each with scheduled rent increases, offering long-term income stability and growth potential.
The property sits on a signalized hard corner with daily traffic counts of approximately 24,000 vehicles, and is located in an affluent area with a median household income of $202,000 within a one-mile radius.
The tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, with the exception of roof and structure, further reinforcing the passive nature of this investment.
PROPERTY FACTS Under Contract
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- Jan 2031
CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Jan 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-201-008-D | Improvements Assessment | $2,415,944 CAD |
| Land Assessment | $1,524,885 CAD | Total Assessment | $3,940,829 CAD |
PROPERTY TAXES
Presented by
Corcoran Group of California
10012 Weiss Way
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