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11523 Carolina Place Pky 22,000 SF 100% Leased Retail Building Pineville, NC 28134 $6,000,000 ($272.73/SF) 7.41% Cap Rate
Executive Summary
Recent Price Improvement to 7.41% 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
Building Size
22,000 SF
Building Class
B
Year Built
2001
Price
$6,000,000
Price Per SF
$272.73
Cap Rate
7.41%
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
Amenities
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Cozy Kids
- Retailer
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99,999 SF
-
$9.99
- -
-
Jan 0000
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- Retailer
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99,999 SF
-
$9.99
- -
-
Jan 0000
Founded in 1986, Mattress Firm grew from a small mattress chain into a national specialty retailer focused on mattresses, bedding, adjustable bases, bed frames, pillows, and related sleep products. Following Tempur Sealy's 2025 acquisition, Mattress Firm operates as a decentralized business unit under Somnigroup International while continuing as a multi-branded retailer in the sleep market. The company's assortment includes brands such as Tempur-Pedic, Purple, Serta, and Beautyrest, and the business centers on guided sleep shopping through stores and digital sales channels.
- Plaza Appliance Mart
- Retailer
- -
-
$9.99
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Lorem Ipsum
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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
Property Taxes
| Parcel Number | 221-512-09 | Improvements Assessment | $3,288,300 |
| Land Assessment | $1,875,600 | Total Assessment | $5,163,900 |
Property Taxes
Parcel Number
221-512-09
Land Assessment
$1,875,600
Improvements Assessment
$3,288,300
Total Assessment
$5,163,900
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
11523 Carolina Place Pky