331-345 S Kings Dr
Charlotte, NC 28204
Kings Square - 5T NNN Trophy Urban Retail · Retail Property For Sale

Kings Square was recently acquired by a prominent Charlotte based real estate development firm and completely renovated to make way for its new tenancy which include CycleBar, Uncle Maddio’s and T-Mobile. The two legacy tenants, Subway and iColor Nail Bar, are still paying significantly below market rent due to their old lease structure. This dynamic offers a new investor the opportunity to raise rents significantly in years 4 and 8 of the hold period. Kings Square offers investors one of the truly rare opportunities to acquire a stabilized, ease of management investment property while land banking generational quality real estate which has seen major vertical development surrounding the property. Major developments within walking distance of Kings Square include The Metropolitan (“The Met”), a 412,000 SF transformative urban mixed use-lifestyle center featuring a 172,000 SF of high end dining and shopping including a Trader Joe’s, West Elm and Best Buy. The Met also features 110 luxury residential units and a 10-story 17,000 SF LEED certified Class A office tower. Marq Midtown 205, a recently completed 260-unit luxury residential building, is located a block from the property. Finally, Baxter Place, a planned 200,000 SF luxury office and service retail building is pre-leasing and proposed immediately adjacent to Kings Square.