Project Description
Lakeshore Marketplace $4,750,000 – 19501 W Catawba Ave NC 28031
Rare opportunity to purchase income producing property on Catawba Ave in Cornelius. Site sits on 3.17 acres with great visibility and a solid tenant base. Opportunity to position property to add value. Retail leased on a NNN bases and office leased on a modified gross basis. Broker has ownership interest.
Located on Catawba Avenue in Cornelius. This cash flowing property in next to Jetton Village and almost across the street from the new Publix and fully updated center. New construction surrounds the area and more is planned.
| Price | $4,750,000 | Cap Rate | 6.67% |
| Gross Leasable Area | 30,420 SF | Occupancy | 91% |
| Price/SF | $156.15 | No. Stories | 2 |
| Property Type | Retail | Tenancy | Multiple |
| Property Sub-type | Neighborhood Center | Year Built | 1987 |
| Property Use Type | Investment | Lot Size | 3.17 SF |
Highlights
- High Visibility
- Traffic Count 27,000 VPD 2012
- Stable Tenant Base
- Near New Publix
- Surrounded by New Construction
- Additional Parking Lot
Financial Summary (Actual)
| Net Operating Income | $420,000 |
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