Belmont Village - Charlotte MSA
Retail in High Growth Corridor | 53,488 SqFt
Marketing description
Atlantic Capital Partners has been exclusively engaged to market Belmont Village, a newly renovated neighborhood shopping center located in the Charlotte MSA in Belmont, North Carolina. The property is strategically positioned along Wilkinson Boulevard, a primary commercial corridor with approximately 30,000 vehicles per day, and benefits from strong visibility and access within a dense and growing suburban trade area supported by daily-needs and service-oriented demand.
Belmont Village totals 53,488 square feet atop 7.50 acres and is 93% occupied by a diverse mix of national, regional, and local tenants, anchored by Goodwill, and complimented by service-oriented users including Ignited Minds, and healthcare and food service tenancy. The asset underwent substantial capital improvements and was thoroughly renovated in 2024, including a full new roof replacement.
The opportunity provides investors stable in-place cash flow with immediate upside via mark-to-market rent opportunities. The offering features long-term anchor tenancy with embedded contractual rent growth and mark-to-market upside for inline space. Both the asset and submarket benefit from their positioning within an extremely supply constrained market, with over 80% of the surrounding land owned and controlled by Belmont Abbey/Belmont Abbey College, limiting growth, new development, and new entrants to the market.
Investment highlights
Value & Service Anchored Neighborhood Shopping Center - Institutional-quality 53,488 SF neighborhood shopping center anchored by Goodwill and junior-anchored by Ignited Minds, providing durable, necessity- and service-oriented traffic drivers within the Charlotte MSA
Recently Renovated, Stabilized Asset With Long-Term Anchor Tenure - The center was renovated in 2024 and is anchored by long-term leases with Goodwill and Ignited Minds, providing investors with stable in-place cash flow and long-duration income visibility
Supply Constrained Market - The property benefits from its positioning within a severely supply constrained market, with most surrounding land and assets controlled by Belmont Abbey/ Belmont Abbey College, limiting both new development and new entrants to the trade area
High Occupancy With Diverse Tenant Contribution - The center is 93% occupied with rent diversified across multiple tenants, limiting reliance on any single small-shop user and supporting consistent in-place income for ownership
Immediate Mark-To-Market Lease-Up Opportunity - Investors benefit from near-term NOI growth through the lease-up of approximately 3,580 SF of remaining vacant space, providing an opportunity to capture immediate upside
Strong Demographic Support In An Established Belmont Submarket - The property is supported by approximately 34,495 residents within a three-mile radius and average household incomes of roughly $100,064, underpinning long-term demand for neighborhood retail and service-oriented tenancy
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