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9110 Northlake W DrCharlotte, NC 28216
Valvoline | Charlotte, NC | 5.25% Cap
Asset ClassRetail
Cap Rate5.25%
Deal Size: $1 MAccess Data Room
Valvoline | Charlotte, NC | 5.25%

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Valvoline | Charlotte, NC. This newly constructed location signed a 15-year lease in 2023 and has a 10% rent increase every 5 years. The Asset is located in the busy Northlake submarket near the corner of W WT Harris Blvd & Reames Rd

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Investment Highlights

Cap Rate
5.25%
Deal Size
$1 M

Strategically Located

  • Subject site is positioned within the Northlake submarket, which is home to Northlake Mall and several power center with tenants including Belk, Target, Macy’s, Lowe’s Home Improvement, AMC, PetSmart, Best Buy, & Rei

Strong Demographics

  • Located in a high density area with over 145,000 people in 5-mile radius
  • 5-mile average household income of over $98K

High Traffic Counts

  • Easy access to the heavily trafficked thoroughfares of I-485 (75,000 VPD), I-77 (73,500) and W. WT Harris Blvd (33,500 VPD)

A Top Performing Market Nationally

  • Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
  • Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)
  • 5th fastest growing city from 2021 to 2022 (population change: 15.217)
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9110 Northlake W DrCharlotte, NC 28216
North Lake Mall

Atlantic Capital Partners - Charlotte

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Listing provided by Revere CRE