Havertys 7101 Smith Corners Boulevard, Charlotte, NC Cap Rate 7% Charlotte ( North Carolina, US ) Built

$6,202,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 48,235 sq. ft.
  • Development Level: Built
  • Lot Size: 4.502 acres

Description

Havertys 7101 Smith Corners Boulevard, Charlotte, NC Cap Rate 7%

Cap Rate: 7%
NOI: $434,115
Building Size: 48,235 sqft
Lot Area: 4.502 acres
Tenancy: Single
Lease Expire Year: 2029

Price: $6,202,000 USD

DESCRIPTION
The subject property is prominently situated with excellent access and visibility along Smith Corner’s Boulevard adjacent to its junction with Statesville Road (14,000 AADT), W W.T. Harris Boulevard (43,000 AADT) and the I-77 arterial (93,000 AADT). The property benefits from robust, rapidly growing demographics; the population within one mile of the site has tripled since 2010 and increased by a factor of 66 since 2000, with a 2019-2024 projected annual rate of 4.11%. Total population within a 5 mile radius has doubled since 2000, with a current population of 143,196 and an average household income of $83,448. The site additionally benefits from a highly educated population, with 63.5% of the population within one mile of the site having earned a bachelor’s degree or higher – approximately twice the national average.

The site benefits from a prominent retail location in close proximity to numerous shopping centers, major retail tenants, and large employers. The property is ideally situated with synergistic nearby tenants La-Z-Boy and American Freight Furniture Galleries. Shopping centers neighboring the site include Northcrest Shopping Center, anchored by Target; the Shoppes at Davis Lake, anchored by Harris Teeter; Perimeter Woods, featuring Lowe’s, Best Buy, Petsmart, & more; Northlake Mall, featuring AMC Theaters, Macy’s, Belk, Dillard’s, and more; Pecan Ridge Shopping Center, featuring Food Lion and Walgreens; Cheshire Place, with tenants including Dollar Tree & Tuesday Morning; Cochran Commons, anchored by Walgreens & Harris Teeter; the Shoppes at Highland Creek, featuring Harris Teeter, Dollar Tree, and ALDI; Prosperity Village Square, anchored by Publix; and The Arbors, anchored by Trader Joe’s. Other major retail tenants in the surrounding area include Walmart Supercenter, CVS, Staples, and more.

The property neighbors a thriving industrial market, offering long-term redevelopment potential. Major industrial users in the surrounding area include Ingersoll Rand, Concentrix, Valspar, Sanitaire, TIAA, Aramark, Carrier Corporation, Coca-Cola Bottling, Piedmont Plastics, Biotage, Husqvarna Group, Octagon, Linet Americas, Carolina CAT, Emerson Network Power, Pinnacle Cranes, Castle Metals, and more.

This property is listed in conjunction with North Carolina-licensed real estate broker David Edmonds.

HIGHLIGHTS
• Recently Extended Corporate Net Lease to Havertys (NYSE:HVT) at Sustainable, Below Market Rent
• Attractive Intrinsic Real Estate with Below Replacement Cost Price PSF of $128.57 – Various Uses Occupy Submarket
• Rapid Population Growth in Surrounding Area - Population within 1 Mile of Site has Tripled Since 2010
• Affluent, Educated Demographics Aligned with Havertys’ Target Market - Average Household Income of $83,448 within 5 Mile Radius
• Roof Replaced in 2019 with 20-Year Warranty
• Excellent Access and Visibility adjacent to W W.T. Harris Boulevard & I-77 Arterial - Combined AADT of 136,000


For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#441612094
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Information is deemed to be correct but not guaranteed.