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Executive Summary

Recent Price Improvement to 7.15% cap rate. This prime Pineville Charlotte retail investment property offers a quality tenant mix with future upside in well maintained building. Excellent corner lot location at intersection of Park Road and Carolina Place Parkway. Building constructed in 2001 and monument/marquee signage available. Roof has been replaced and center is fully leased out mostly with long-term leases in place.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
22,000 SF
Building Class
B
Year Built
2001
Price
$6,200,000
Price Per SF
$281.82
Cap Rate
7.17%
NOI
$444,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.32 AC
Zoning
B4 - Heavy Business Zoning
Parking
76 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
99’ on Carolina Place Pky

Amenities

  • Pylon Sign
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Cozy Kids
  • Retailer
  • 99,999 SF
  • $9.99
  • -
  • Jan 0000
  • Retailer
  • 99,999 SF
  • $9.99
  • -
  • Jan 0000

Mattress Firm began in 1986 and has grown from a small mattress retailer into a nationwide specialty business focused on helping customers choose the right sleep products. Mattress Firm offers mattresses, box springs and frames, adjustable bed bases, bedding, furniture, and related accessories through stores and digital channels, with a selection that includes many well-known national brands. Mattress Firm also provides personalized guidance through trained Sleep Experts, publishes sleep advice through Sleep.com, and supports community charities with product donations and volunteer efforts.

  • Plaza Appliance Mart
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Cozy Kids Retailer 99,999 SF $9.99 - Jan 0000
Retailer 99,999 SF $9.99 - Jan 0000
Plaza Appliance Mart Retailer - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Truist
McAlister's Deli
Sarku Japan
Food Lion
Patel Brothers
Applebee's
Olive Garden
Red Lobster
Bank of America
LongHorn Steakhouse

Property Taxes

Property Taxes

Parcel Number
221-512-09
Land Assessment
$1,875,600
Improvements Assessment
$3,288,300
Total Assessment
$5,163,900
  • Listing ID: 36562221

  • Date on Market: 7/1/2025

  • Last Updated:

  • Address: 11523 Carolina Place Pky, Pineville, NC 28134

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