1508 S Mint St
Charlotte, NC 28203
Summit Crossing · Retail Property For Sale

RTP Capital Advisors is pleased to present Summit Crossing, a 100% leased strip center with NNN leases located in Charlotte’s Historic South End, the hottest submarket in Charlotte. Summit Crossing just completed major renovations including a new modern facade, new roof, new sidewalk, landscaping, and asphalt overlay and seal and stripe for the parking lot. South End is currently experiencing massive development in office, retail, and multi-family projects, resulting in a continued and ongoing revitalization of the neighborhood. Major projects include the Sedgefield Redevelopment, encompassing 300 multi-family units and 68,000 SF of retail and the RailYard, a 320,000 SF office space project with possible plans for apartments. Other developments also include Atherton Mill, adding 350,000 SF of residential space and already home to retailers such as Warby Parker and Antropologie with plans to more than double its retail space as well as a 64,000 SF office building currently under construction just one block away from the subject property. The subject property is also just five blocks away from the Bland Street Light Rail Station, part of a larger, long-term plan to expand light rail transportation throughout the city. To the west is the Wilmore neighborhood, a residential area also experiencing its own revitalization as many move to the area because of its convenience, while to the east is the highly affluent Dilworth area, home to many of Charlotte’s historic homes. Uptown Charlotte, just northeast of the subject property, is a short commute away. Summit Crossing offers investors the opportunity to own a 100% leased strip center with NNN leases in an excellent location in the Historic South End, surrounded by in-demand and growing neighborhoods, and just a short commute from Uptown Charlotte. We are pleased to present this listing at a price of $3,795,000, a 6.29% cap rate.