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26713750
26713751

4824 Berewick Town Center Dr, Charlotte, NC 28273

VK
NC 324600, SC 122685
Coldwell Banker Commercial Realty
Listed by Coldwell Banker Commercial Realty
$3,884,800
283 days on market
Updated 33 days ago

4824 Berewick Town Center Dr

Details
Property Type Retail
Sub Type Storefront, Restaurant
Square Footage 3,877
Cap Rate 4.35%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 02/05/2031
Remaining Term 6
Rent Bumps Yes
Year Built 2018
Acreage 0.810
Investment Type Net Lease
Ground Lease No

-Great Investment Opportunity At Bustling Berewick Town Center!

Marketing description

-Great Opportunity to own leased property at a bustling corridor near the Charlotte Premium Outlets! .81 Acres! -Great income-producing investment with Margarita Mexican Restaurant as Tenant (6 locations). Very successful restaurant and expanding locations. Evidenced by monthly sales. -Desirable NNN lease term | 5.5 years remaining with two options of 5 years each (Lease Exps February 2031)(4.25% Cap Rate) -Situated near the entrance to Berewick Master Plan Community | 2,000+ homes & townhomes, 500+ apartments, 130 key hotel, 16,000 SF of medical office -Less than 0.5 miles from Exit 4 on I-485 | 129,000 VPD -Outparcel to best-in-class shopping center | Berewick Town Center | 132-room Hampton Inn & Suites, Harris Teeter, Walgreens, Starbucks, Wendy’s, MOD Pizza & others -0.5 miles from Charlotte Premium Outlets | Approx. 400,000 SF retail center offering 100+ notable upscale outlet stores -Explosive population growth since 2000 -Affluent surrounding submarket | Over $150,000 average household income within a 1-mile radius. Strong projected population growth -Desirable rent increases | 2% annually -Approx. 10 minutes from Charlotte Douglas International Airport | 1400+ flights per day -Substantial industrial presence in surrounding area | 7.6M SF within a 2-mile radius -Nearby future River District | 1,300 acres, 8M SF office, 500K retail, thousands of homes and apartments proposed -Less than 20 minutes from Uptown Charlotte | 100,000+ employees and 22.9M SF of office -Destination retailers | Harris Teeter, Walgreens, McDonald’s, Wendy’s, Starbucks. Bojangles’, Zaxby’s, & others -Berewick Town Center anchored by Harris Teeter. High quality construction. -CAM is fully reimbursed by tenant.
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Listing Contacts

VK
NC 324600, SC 122685
Coldwell Banker Commercial Realty
Listed by Coldwell Banker Commercial Realty

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Additional Information

Name
Vasili Kakavitsas
License
324600
Brokerage Phone
7043643300
Brokerage Address
115 East Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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