Property Listing No Longer Available for Sale

9800-9868 Monroe Road, Port Charlotte, NC

Retail for Sale - $3,250,000 - 40,242 Sq. Ft. on 3.35 acres


Property Info

CIMLS#726171
Location
  9800-9868 Monroe Road
  Port Charlotte NC 28270
UpdatedJune 27th, 2014
TypeRetail
Price$3,250,000
Building40,242 Sq. Ft.
Land3.35 acres

Property Description

Bull Realty is pleased to offer the unique opportunity to acquire the fee simple interest for Sardis Village NC located in Charlotte, NC.

Sardis Village is an approximately 40,242 square foot Food Lion grocery anchored neighborhood shopping center. This well located, 97% leased, neighborhood retail center is anchored by Food Lion and a Walgreens. The Walgreens was developed in 2005 and sold separately.

Located in the City of Charlotte, NC, the property benefits from its location on the busy corner of Sardis and Monroe Road which is a major residential and retail artery with traffic counts exceeding 52,700 VPD. The center is located less than 10 miles southeast of the central business district of Charlotte NC in Mecklenburg County.

Anchor and in-line tenants are paying well below market rents with strong store sales. The Food Lion lease extends through January 2016 with several options. Food Lion recently, at its own expense, did a major renovation to the interior of the store.

Built in 1981, this center had traditionally been 100% leased. The surrounding area is experiencing a surge of redevelopment. The movie theater next to the center is going through a major renovation and becoming a dine in theater. Wal-Mart opened across the street in 2004 and Harris Teeter, which is on the opposite corner, opened in 2000.

This is a well established and highly trafficked part of Charlotte with extremely strong demographics. The population within a 5 mile radius is in excess 199,750 with an average household income above $86,000 annually. The majority of households are owner occupied.

Sardis Village is offered debt free. Sardis Village is situated in Mecklenburg County which offers a population of 990,977 people making it both the most populated and densely populated county in North Carolina.

Property Brochure Link: http://nationalretailgroup.creconsole.com/p/9f467f8a

For more information, please contact Michael Bull, Theresa Johnson or Frank Meyrath.

Michael Bull, CCIM

Bull Realty, Inc.

404-876-1640 ext. 2001

Michael@BullRealty.com

Theresa Johnson

Bull Realty, Inc.

404-876-1640 ext. 109

TJohnson@BullRealty.com

Frank Meyrath

Bull Realty, Inc.

404-876-1640 ext. 129

FMeyrath@BullRealty.com


Financials


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