4824 Berewick Town Center Dr

About this listing

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.