4325 Barclay Downs Dr
Charlotte, NC 28209
Dick's Sporting Goods · Retail Property For Sale

Marcus & Millichap is pleased to exclusively present an absolute net leased Dick's Sporting Goods investment property in Charlotte, North Carolina. Dick’s Sporting Goods is under a corporately guaranteed lease with 10.1 years remaining on the base term and 4 5-year options. The lease calls for rent increases in the options of 5%. There is attractive assumable debt in place at an interest rate of 4.06% however the asset may also be sold free and clear. Dick’s Sport Goods has a strong credit rating of B1 from Credit Intel and outstanding same store sales at this location. The high visibility property boosts over 46,000 vehicles per day and strong population density with over 241,000 people in a five mile radius. The subject property is an outparcel to the vibrant South Park mall which is home to over 150 tenants including high profile national brands such as Apple, Coach, Kate Spade, Chick-fil-a, Pottery Barn, The Container Store, Lululemon, and many more. SouthPark is an upscale shopping mall named after the affluent SouthPark neighborhood the mall is located in. The mall is located approximately five miles south of Uptown Charlotte, NC.  With 1,790,000 square feet, SouthPark is the largest mall in Charlotte and the Carolinas, as well as one of the most profitable malls in the country with sales at over $700 per square foot. It is the 10th largest mall on the East Coast and is the 28th largest in the United States.