Listed by Northmarq Capital, LLC, Northmarq
$8,995,000
Promenade Shoppes at Concord Mills
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 15,817
Units 101
Cap Rate 6.09%
NOI $548,079
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options View OM
Class A
Year Built 2007
Year Renovated 2017
Acreage 2.100
Zoning C-2
Investment Type Net Lease
Ground Lease No
100% Occupied | Charlotte MSA | +40.5K VPD
Marketing description
Northmarq is pleased to present the opportunity to purchase the Promenade Shoppes at Concord Mills, located within the rapidly growing Charlotte MSA. The Promenade Shoppes is an unanchored strip center that offers exceptional visibility from Concord Mills Boulevard. Its proximity to the Concord Mills Mall enhances the traffic to the center and draws visitors from all over the country. The center is also in close proximity to Bexley Village, a 624-unit multi-family property that drives traffic by the center. The property provides stable cash flow with long-term leases in a trophy location.
Investment highlights
- Prime Retail Opportunity in the Charlotte, NC MSA
- Strategic Retail Corridor | Adjacent to Charlotte’s #1 Most Visited Tourist Destination
- Strong Frontage | Efficient Ingress & Egress Access
- High-Traffic Thoroughfare | +40.5K VPD | Dense Population
- 100% Occupied | NNN | Strong Retail Submarket
- Over $130,000 average HH income
- Growth in University City Area
- Daytime Employment
- Below Market Rent
- 7.33 Years WALT
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$548,079.00
$45,673.25/mo
Valuation Metrics
0
DSCR
6.09%
Cap Rate
6.09%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial District
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View all 199 uses
View all 199 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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