Crossroads Shopping Center
Retail | 54,612 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 2800 Sugar Creek Road, a neighborhood retail center located within one of Charlotte's dense infill corridors. The asset currently generates approximately $523,219 in in-place NOI from a diversified roster of necessity and service-oriented tenants, providing stable day-one cash flow supported by consistent neighborhood demand drivers.
The property offers a clear and executable value-add opportunity through lease-up of remaining vacancy and mark-to-market rent growth. In-place small shop leases are achieving approximately $18–$27/SF, establishing strong leasing comps and a defined path to NOI expansion through continued absorption and tenant rollover.
This embedded upside is complemented by near-term lease expirations, allowing for strategic renewals and rent resets. Positioned within a high-density trade area along the Sugar Creek corridor, the center benefits from strong workforce housing demographics, daily commuter traffic, and limited competing neighborhood retail product.
The combination of in-place yield, near-term leasing upside, and durable submarket fundamentals presents a compelling opportunity for private capital, 1031 buyers, and local operators seeking both income stability and forced appreciation potential.
Investment highlights
- Generating approximately $620,325 of NOI from a diversified tenant base, providing durable day-one income with embedded upside through lease-up and mark-to-market execution.
- In-place small-shop rents of ~$18–$27/SF establish strong leasing comps, supporting a clear path to NOI growth through vacancy lease-up, renewals, and rent resets.
- Anchored by a mix of necessity retail, discount retail, service, food, telecom, and financial users (Dollar General, Metro by T-Mobile, Fresh Cycle Laundry, SECU, and local operators), driving consistent traffic and resilient tenancy with over 25,000 VPD.
- Charlotte boasts $116K+ average household incomes, ~$469K average home values, and nearly 100,000 businesses, reinforcing strong consumer spending power. Combined with its status as one of the hottest housing markets in the country, the area continues to see population growth and long-term demand for neighborhood retail.
- Located within a 2.88M population metro with 1.1M households, Charlotte is one of the fastest-growing large cities in the U.S., supported by strong in-migration, job creation, and corporate relocation. The market ranks as the #1 retail market in the U.S. and the #2 largest banking center, providing a diverse and durable economic foundation.
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