1513-1521 S Mint St - Retail FOR SALE


Charlotte, NC 28203- Wilmore
$7,217,000 USD
843-725-7835
1513-1521 S Mint St, Charlotte, NC for Sale
$7,217,000 USD
Retail - FOR SALE
1/9
null | 6.55% Cap Rate

1513-1521 S Mint St
Charlotte, NC 28203
Wilmore


HIGHLIGHTS

  • Dense, Affluent & Booming Demographics
  • Heart of South Edn's Gold District
  • Experienced Multi-Unit Operators
  • Annual 3% Rent Growth From Each Tenant

OVERVIEW

1515 S Mint Street is in the heart of South End's Gold District, one of the fastest growing sub-markets in the nation. Within a 1-mile radius of the asset there are over 20K people boasting average household incomes more than $140K. The annual population growth rate over the next 5-years is over 7% within 1-mile. The rent roll is comprised of 100% multi-unit operators and service-oriented tenant concepts. The site is surrounded by thousands of existing, recently delivered, and under construction apartments and is less than 10-minutes walking distance from the Bland St Station of the Light Rail and a 15-minute walk to Bank of America Stadium. Ownership completed a major overhaul renovation of 1515 S Mint St replacing the entire roof, which carries an assignable 20-year manufacturer’s warranty, as well as new walls, floors, windows, etc. Ownership was able to maintain some of the properties historic brick.

FOR SALE DETAILS

PRICE

$7,217,000 USD

PRICE/SF

$457 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

TO-NC(HDO)

APN/PARCEL ID

119-083-15,119-083-16,119-083-17

ASK ABOUT THIS PROPERTY

Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.