Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Fully Leased with a cohesive, long standing tenant mix.
  • Excellent proximity to professional office, medical office, and a diverse retail community.
  • 1.2 miles from the Lowe’s Home Improvement Corporate offices.
  • Mix of local and National Tenants.
  • 0.4 miles from Lake Norman Regional Hospital.
  • Charlotte Highway (US 21) with 24,000 VPD.

Executive Summary

This investment opportunity presents a rare combination of stability and growth potential, centered around a fully leased retail and medical building strategically positioned within close proximity to a bustling commercial district spanning 1.5 million square feet. Moreover, with a projected population growth of 10-12%, the surrounding area promises sustained demand for both retail and medical services, underpinning the long-term viability of the investment. This unique blend of a stable, income-generating asset and
promising growth prospects positions the investment as an attractive proposition for investors seeking both short-term returns and long-term appreciation.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,460 SF
Building Class
B
Year Built
2006
Price
$5,216,995 CAD
Price Per SF
$418.70 CAD
Cap Rate
6.85%
NOI
$357,364 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
0.43
Lot Size
0.66 AC
Zoning
NC - L2 MT MOURNE SPRINGS PB 48-13
Parking
24 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
259’ on charlotte Way

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Accent Lighting

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Big League Hot Dog Co
  • Retailer
  • -
  • -
  • -
  • Lakeshore Women's Specialists, PC
  • Health Care and Social Assistance
  • 3,000 SF
  • -
  • -
  • Retailer
  • -
  • -
  • -

Back in 1973 the original focus of Monsoon was on providing clothes with ethnic origins. Remaining true to its roots, Monsoon has grown to draw on creative inspiration from across the globe by creating relevant, beautiful and artisanal pieces across a range of areas: from occasion to beach, from knits to casual. Designed in London, inspired by afar. Their story begins with one man and his vision; to bring vibrant, colourful, hand-crafted artisan clothes from faraway places to the markets of London. It is a journey that started on a hippy commune in Ibiza, 1970, and finished with an overland trip east, through Afghanistan and India. Their founder, Peter Simon, returned from his life-changing adventures to pursue a new passion for beautiful, bohemian-inspired pieces with hand-printed, hand-woven and crochet design details, which he started to trade from a stall on Portobello Road, London.

  • Orange Cleaners
  • Services
  • 500 SF
  • -
  • -
  • Accommodation and Food Services
  • 1,900 SF
  • -
  • -

Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.

  • Sumo Shack Llc
  • Accommodation and Food Services
  • 500 SF
  • -
  • -
  • The Dugout
  • Retailer
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Big League Hot Dog Co Retailer - - -
Lakeshore Women's Specialists, PC Health Care and Social Assistance 3,000 SF - -
Retailer - - -
Orange Cleaners Services 500 SF - -
Accommodation and Food Services 1,900 SF - -
Sumo Shack Llc Accommodation and Food Services 500 SF - -
The Dugout Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 103
  • 796 SF
  • Retail
  • -
  • Now

Rent: $2,686/Month

Space Size Space Use Position Available
103 796 SF Retail - Now

103

Size
796 SF
Space Use
Retail
Position
-
Available
Now

103

Size 796 SF
Space Use Retail
Position -
Available Now

Rent: $2,686/Month

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Fitness Together
United Bank
United Community Bank
Food Lion

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 4646-81-5619.000
  • 4646-81-6510.000
Land Assessment
$550,670 CAD
Improvements Assessment
$3,931,448 CAD
Total Assessment
$4,482,118 CAD
  • Listing ID: 33724066

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 235 Medical Park Rd, Mooresville, NC 28117

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}