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INVESTMENT HIGHLIGHTS
- Prime Location: Strategically positioned at the convergence of South Boulevard (30k VPD) and I-485 (140k VPD) with exceptional visibility and access
- Regional Demographics: Serves affluent South Charlotte submarket with strong household incomes ($95k+)
- Charlotte Market Exposure: Located in one of the Southeast's fastest-growing metropolitan markets with strong population and income growth
- Exceptional Customer Draw: Benefits from Carolina Pavilion's established customer base of 4.4 million annual visits
- Flexible Development Opportunity: 1.09-acre outparcel with existing 6,304 SF improvements suitable for multiple tenant profiles and business plans
EXECUTIVE SUMMARY
Jones Lang LaSalle ("JLL") has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire a prime outparcel (the "Property") adjacent to Carolina Pavilion in Charlotte, North Carolina.
The Property consists of 6,304 square feet of existing improvements on a 1.09 acre outparcel site strategically positioned at the convergence of South Boulevard (30,500 VPD) and I-485 (140,000 VPD). Benefiting from the high-traffic draw of Carolina Pavilion and the exceptional visibility, the Property offers an unmatched location that will support a variety of business plans and tenant profiles.
The Property consists of 6,304 square feet of existing improvements on a 1.09 acre outparcel site strategically positioned at the convergence of South Boulevard (30,500 VPD) and I-485 (140,000 VPD). Benefiting from the high-traffic draw of Carolina Pavilion and the exceptional visibility, the Property offers an unmatched location that will support a variety of business plans and tenant profiles.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,304 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.09 AC
Zoning
TOD-CC
Parking
64 Spaces (9.03 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 207-071-11 | Improvements Assessment | $1,064,300 |
| Land Assessment | $1,983,600 | Total Assessment | $3,047,900 |
PROPERTY TAXES
Parcel Number
207-071-11
Land Assessment
$1,983,600
Improvements Assessment
$1,064,300
Total Assessment
$3,047,900
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