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1513-1521 S Mint St

15,789 SF 100% Leased Retail Building Charlotte, NC 28203 £5,739,622 (£364/SF) 6.55% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Dense, Affluent & Booming Demographics
Experienced Multi-Unit Operators

Heart of South Edn's Gold District
Annual 3% Rent Growth From Each Tenant

EXECUTIVE SUMMARY

1515 S Mint Street is in the heart of South End's Gold District, one of the fastest growing sub-markets in the nation. Within a 1-mile radius of the asset there are over 20K people boasting average household incomes more than $140K. The annual population growth rate over the next 5-years is over 7% within 1-mile. The rent roll is comprised of 100% multi-unit operators and service-oriented tenant concepts. The site is surrounded by thousands of existing, recently delivered, and under construction apartments and is less than 10-minutes walking distance from the Bland St Station of the Light Rail and a 15-minute walk to Bank of America Stadium. Ownership completed a major overhaul renovation of 1515 S Mint St replacing the entire roof, which carries an assignable 20-year manufacturer’s warranty, as well as new walls, floors, windows, etc. Ownership was able to maintain some of the properties historic brick.