Staples Center at Northlake Village 7010-7014 Smith Corners Blvd 32,169 SF 100% Leased Retail Building Charlotte, NC 28269 $9,492,256 CAD ($295.07 CAD/SF) 6.04% Cap Rate

RIPCO Real Estate is pleased to offer for sale 7010-7014 Smith Corners Boulevard, a 31,802 SF, four tenant commercial property located in Northlake Village, a planned development in Charlotte, NC. The property is located in the northeast quadrant of the I-77 and Harris Boulevard interchange, surrounded by a diverse lineup of hotels, retailers, and office buildings. The property is 100% occupied by a mix of local and national tenants, with Staples anchoring the center. All the current tenants have NNN leases, providing investors with stable cash flow throughout their hold period. Staples occupies 64.1% of the total GLA and has 7.3 years remaining in their lease term. This stretch of I-77 and Harris Boulevard where the property is located has an AADT of 74,500 and 44,000, respectively. Within 1 mile of the subject property, there is a daytime population of 15,894 and an average household income of $98,470.
The asset would be an attractive investment opportunity for investors looking for a value-add retail center with mark to market opportunity, located in one of the top 10 fastest growing cities in the United States, with strong local and national tenants, and minimal landlord responsibilities.