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The Shoppes at Sun Valley Commons 6701 Old Monroe Rd

10,455 SF 100% Leased Retail Building Indian Trail, NC 28079 $6,477,705 CAD ($620 CAD/SF) 6.20% Cap Rate

Storefront Properties North Carolina Indian Trail 6701 Old Monroe Rd, Indian Trail, NC 28079

Investment Highlights

  • 100% Occupied Strip Center
  • Part of Sun Valley Commons Master-Planned Development
  • Located Between Two Signalized Intersections
  • 5 Tenants Including National Tenants
  • Good Visibility Along Old Monroe Road
  • Charlotte MSA

Executive Summary

The Shoppes at Sun Valley Commons is a 10,848 sf retail center that is part of the 250,000 sf Sun Valley Commons mixed-use development. The strip center is 100% occupied and includes national tenants Starbucks, Papa Johns, and AT&T. Located between two signalized intersections and surrounded by other major retailers including McDonalds, CVS, this property fronts Old Monroe Road with 19,500+ vehicles per day. Additional highlights include a drive-thru lane for Starbucks and 62 parking spaces (5.72 per 1,000 parking ratio) on the 1.52 acre site.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,455 SF
Building Class
B
Year Built
2007
Price
$6,477,705 CAD
Price Per SF
$620 CAD
Cap Rate
6.20%
NOI
$401,392 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.52 AC
Zoning
B4 - Outlying concentrated business
Parking
62 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
149 ft on Old Monroe Rd

Amenities

  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Drive Thru
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Nearby Major Retailers

East Coast Wings & Grill
Eggs Up Grill
Starbucks
F45 Training, Inc.
Publix
MOD Pizza
Harris Teeter
Hickory Tavern
9Round
ALDI

PROPERTY TAXES

Parcel Number 07-090-006-D Improvements Assessment $0 CAD
Land Assessment $143 CAD Total Assessment $143 CAD

PROPERTY TAXES

Parcel Number
07-090-006-D
Land Assessment
$143 CAD
Improvements Assessment
$0 CAD
Total Assessment
$143 CAD
(818) 842-2100 x102

Contacts

  • Listing ID: 29861193

  • Date on Market: 2023-10-23

  • Last Updated:

  • Address: 6701 Old Monroe Rd, Indian Trail, NC 28079

The Retail Property at 6701 Old Monroe Rd, Indian Trail, NC 28079 is currently available for sale. Contact Core Real Estate, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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The Shoppes at Sun Valley Commons | 6701 Old Monroe Rd
(818) 842-2100 x 102

The Shoppes at Sun Valley Commons | 6701 Old Monroe Rd

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Steve Marx

(818) 842-2100

x102

(818) 842-2100 x102

Lori Iacobellis

(818) 842-2100

x103

(818) 842-2100 x103

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