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At Home | Pineville, NC | ABS NNN 11415 Carolina Place Pky 141,991 SF Retail Building Pineville, NC 28134 $13,407,505 CAD ($94.43 CAD/SF) 8.50% Cap Rate
Investment Highlights
- TOP 20% OF AT HOME STORES IN NORTH CAROLINA | PLACER.AI
- CHARLOTTE METRO ADJACENCY | 14 MILES FROM CITY CENTER
- ESTABLISHED HIGH-TRAFFIC RETAIL CORRIDOR | 27,000 AADT
Executive Summary
- At Home executed a new lease commencing January 30, 2025, with confidence in the store's ongoing performance and eliminating near-term vacancy risk for incoming investors.
CORPORATE GUARANTEE | AT HOME GROUP
- Corporate-guaranteed lease by At Home Group, a leading U.S. home décor retailer operating approximately 260 stores nationwide.
DENSE, AFFLUENT CHARLOTTE SUBURB | 184,000 RESIDENTS WITHIN 5 MILES
- Located in one of Charlotte's most affluent and densely populated submarkets, with 184,219 residents and $161,000 average household income within 5 miles.
CHARLOTTE METRO ADJACENCY | 14 MILES FROM CITY CENTER
- Located 14 miles south of Charlotte, the Pineville submarket benefits from strong population growth, household formation, and retail demand fueled by continued migration to the region.
ESTABLISHED HIGH-TRAFFIC RETAIL CORRIDOR | 27,000 AADT
- Positioned on Pineville-Matthews Road (27,000 VPD) within the established Carolina Place retail corridor, surrounded by national retailers and a dense residential base.
TOP 20% OF AT HOME STORES IN NORTH CAROLINA | PLACER.AI
- Ranks in the top 20% of North Carolina At Home stores by foot traffic, demonstrating strong consumer visitation and location performance.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 141,248 SF
- -
- Feb 2031
At Home, founded in 1979 as Garden Ridge Pottery, is a privately held home décor superstore headquartered in Plano, Texas. The company operates large-format retail stores averaging 100,000 square feet, offering over 50,000 products including furniture, rugs, wall art, seasonal décor, and outdoor furnishings. Originally branded as Garden Ridge, the company rebranded to At Home in 2014 to reflect its expanded product assortment and modernized store concept. In 2021, At Home was acquired by private equity firm Hellman & Friedman in a $2.8 billion transaction, transitioning from a publicly traded company (NYSE: HOME) to private ownership.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 141,248 SF | - | Feb 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 221-512-08 | Improvements Assessment | $12,082,999 CAD |
| Land Assessment | $7,604,939 CAD | Total Assessment | $19,687,938 CAD |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
At Home | Pineville, NC | ABS NNN | 11415 Carolina Place Pky
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