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2520 Cuthbertson Rd
Waxhaw, NC 28173
Walmart Neighborhood Market · Retail Property For Sale
Investment Highlights
- INVESTMENT GRADE WALMART GUARANTY (S&P: AA)
- LONG-TERM LEASE WITH EMBEDDED GROWTH
- AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET
Executive Summary
HIGH-CREDIT, ZEROMANAGEMENT GROUND LEASE
- Absolute NNN ground lease with no landlord responsibilities and all improvements owned by Walmart, minimizing capex exposure and operational risk
INVESTMENT GRADE WALMART GUARANTY (S&P: AA)
- Corporate lease backed by one of the strongest credits in retail, with unmatched scale, recession resilience, and essential-use tenancy
STRONG INFILL POSITIONING WITH BARRIERS TO ENTRY
- Established retail corridor with limited new supply, strong surrounding residential density, and traffic counts exceeding 45,000 VPD at the intersection
AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET
- Located in Waxhaw, one of the fastest-growing and highest-income areas in the Charlotte MSA, with $175K+ average household incomes supporting sustained grocery demand
CORE GROCERYANCHORED RETAIL LOCATION
- Purpose-built Walmart Neighborhood Market serving daily needs (grocery, pharmacy), positioned within a dominant retail node alongside Lowe’s and national tenants
LONG-TERM LEASE WITH EMBEDDED GROWTH
- 9 years remaining on the initial term plus 12 × 5-year options (60 years) with 5% rent increases each option period, creating a predictable long-term cash flow profile
- Absolute NNN ground lease with no landlord responsibilities and all improvements owned by Walmart, minimizing capex exposure and operational risk
INVESTMENT GRADE WALMART GUARANTY (S&P: AA)
- Corporate lease backed by one of the strongest credits in retail, with unmatched scale, recession resilience, and essential-use tenancy
STRONG INFILL POSITIONING WITH BARRIERS TO ENTRY
- Established retail corridor with limited new supply, strong surrounding residential density, and traffic counts exceeding 45,000 VPD at the intersection
AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET
- Located in Waxhaw, one of the fastest-growing and highest-income areas in the Charlotte MSA, with $175K+ average household incomes supporting sustained grocery demand
CORE GROCERYANCHORED RETAIL LOCATION
- Purpose-built Walmart Neighborhood Market serving daily needs (grocery, pharmacy), positioned within a dominant retail node alongside Lowe’s and national tenants
LONG-TERM LEASE WITH EMBEDDED GROWTH
- 9 years remaining on the initial term plus 12 × 5-year options (60 years) with 5% rent increases each option period, creating a predictable long-term cash flow profile
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
41,356 SF
Building Class
B
Year Built
2014
Price
$6,627,000
Price Per SF
$160.24
Cap Rate
4.15%
NOI
$275,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
5.35 AC
Zoning
AB0
Parking
148 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
633’ on Providence Rd
Property Taxes
| Parcel Number | 06-162-023 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,766,100 |
Property Taxes
Parcel Number
06-162-023
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,766,100
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