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The Crossing 9920-10056 E Independence Blvd 95,423 SF 82% Leased Retail Building Matthews, NC 28105 For Sale
INVESTMENT HIGHLIGHTS
- Ample Surface Parking
- Windsor Square Dr: 1 Access Point
- Landlord Friendly Lease Language & Recovery Structures
- E Independence Blvd: 1 Access Point
- Recent Capital Improvements - New Roof with 20-Year Warrenty
- Strong Tenant Performance
EXECUTIVE SUMMARY
The center is located along E Independence Blvd/US-74, which accommodates 52,000 vehicles daily, just one mile from the NC-51 interchange (31,000 VPD) and 2.5 miles from the I-485 interchange (77,500 VPD). The property offers direct right-in/right-out access on Independence Blvd and can be accessed via a signalized intersection from Windsor Square Drive. The Crossing is a 20-minute drive from Uptown Charlotte, home to 18 Fortune 500/1000 companies and also 20 minutes from SouthPark, a premier suburban live-work-play area anchored by SouthPark Mall and over 5.6 million square feet of office space. Nearly 60,000 residents live within a 3-mile radius of the center, representing a 5.65% growth since 2020, with further growth projected. The average household income in this area is $115,000.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
95,423 SF
Building Class
B
Year Built
1997
NOI
$1,432,995
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
10.25 AC
Zoning
B1SCD
Parking
535 Spaces (5.61 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 193-231-04 | Improvements Assessment | $4,632,000 |
| Land Assessment | $7,218,100 | Total Assessment | $11,850,100 |
PROPERTY TAXES
Parcel Number
193-231-04
Land Assessment
$7,218,100
Improvements Assessment
$4,632,000
Total Assessment
$11,850,100
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The Crossing | 9920-10056 E Independence Blvd
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