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10210 Couloak Dr
Charlotte, NC 28216

Auction:11/13 - 11/15: Dunn Commons · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Number of Floors
1
Building FAR
1.00
Lot Size
0.23 AC
Zoning
NS
Frontage
137 ft on Couloak Dr

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Energy Star Labelled

About 10210 Couloak Dr , Charlotte, NC 28216

Property tours are available by appointment ONLY. Please contact David Morris to schedule at dmorris@trinity-partners.com or 704-295-0403. Investment Highlights: ñ9,977 SF Multi-Tenant Retail Opportunity in Charlotte, NC ñ100% leased multi-tenant Walmart shadow retail property History of high occupancy with a diverse mix of local and national retailers Located on a highly trafficked commercial artery at a signaled intersection Retail corridor including Walmart, AutoZone, Bank of America and Chick-fil-A Excellent demographics within 3-miles with 81,440 people and average household income of $73,724 Investment Overview: Dunn Commons (the "Property") is a fully-leased neighborhood retail center located at 10210 Couloak Drive in Charlotte, NC. The Property offers investors the opportunity to acquire an income producing institutional quality retail center located in a Walmart anchored retail node. This outstanding multi-tenant Property consists of approximately 9,977 rentable square feet of ideally situated retail space in the Northwest retail submarket of Charlotte, which is one of the most highly sought after real estate markets in the Southeast. Currently 100% occupied by fo Currently 100% occupied by four tenants, the asset's high-quality rent roll, strong demographics, modern construction, and highly visible location ensure long-term investment stability and appreciation. Wells Fargo (Moody's credit rating Aa1, Standard & Poor's rating A) executed an early renewal for an additional three-year term (new lease expiration of June 30, 2021) which features 6.0% annual increases at the outset of each renewal. Carolinas HealthCare System (Moody's credit rating Aa3) has operated an urgent care center since the Property's opening in 2006; the company's lease increases 2.0% annually. Domino's Pizza, who has been a tenant at the Property since 2007 through its franchisee, Prairie Pizza, Inc. (North Carolina's largest franchisee), recently renewed its lease for an additional five years and also features 2.0% annual increases throughout the term. The Property is located in the dense Northwest retail submarket near the intersection of Mt. Holly-Huntersville Road and Highway 16 (Brookshire Boulevard). This strategic location is in close proximity to the Walmart Supercenter on Mt. Holly-Huntersville Road and the I-485/Highway 16 interchange, which avails the Prope

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-271-42
Land Assessment
£162,691
Improvements Assessment
£1,873,262
Total Assessment
£2,035,953
  • Listing ID: 9454294

  • Date on Market: 05/10/2017

  • Last Updated:

  • Address: 10210 Couloak Dr, Charlotte, NC 28216

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