This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

961 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

6201 Albemarle Rd

15,565 SF 100% Leased Retail Building Charlotte, NC 28212 £2,370,030 (£152/SF) 7.20% Net Initial Yield

Investment Highlights

  • Frontage On Albemarle Rd (48,000 VPD) and Farm Pond Lane (second entrance)
  • Recently renovated and fully Occupied
  • 3 flush Loading Docks with rollup doors, one open loading dock and one access point.
  • Plenty of Parkin on the property
  • Walking distance to Eastland Yards, and close to Downtown Charlotte

Executive Summary

Location Location Location!
Great investment opportunity, centrally located right on the busy section of Albemarle Road ( 48,000 VPD).
This Freestanding shopping center is fully occupied with a diverse tenant group (5 tenants), frontage and access on Albemarle Road, Second access is from Farm Pond Lane.
Ample parking space at the front and the side of the shopping center.
3 flush Loading Docks with rollup doors, one open loading dock and one access point.
Walking distance to the new mixed use development of Eastland Yards ( an Economic hub with housing, offices, retail, sports complex etc.)
15 minutes to Center City.

Attachments

CG Commercial_Zoning-Summary

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £185,810 £11.94
Other Income - -
Vacancy Loss - -
Effective Gross Income £185,810 £11.94
Taxes £11,850 £0.76
Operating Expenses £3,318 £0.21
Total Expenses £15,168 £0.97
Net Operating Income £170,642 £10.96

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £185,810
Annual Per SF £11.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £185,810
Annual Per SF £11.94
Taxes
Annual £11,850
Annual Per SF £0.76
Operating Expenses
Annual £3,318
Annual Per SF £0.21
Total Expenses
Annual £15,168
Annual Per SF £0.97
Net Operating Income
Annual £170,642
Annual Per SF £10.96

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,565 SF
Building Class
B
Year Built
1979
Price
£2,370,030
Price Per SF
£152
Net Initial Yield
7.20%
NOI
£170,642
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
3 Exterior
Building FAR
0.27
Land Acres
1.33 AC
Zoning
CG - General Commercial
Frontage
94 ft on Albemarle Rd

Amenities

  • Bus Route
  • Freeway Visibility
  • Pylon Sign
1 of 1

Nearby Major Retailers

Aldi
Redline Athletics
Cook Out
Bank of America
Central Market
Bestway Rent-To-Own
Fifth Third Bank
Chase Bank
The YMCA
Planet Fitness

PROPERTY TAXES

Parcel Numbers
Multiple
  • 103-163-04
  • 103-163-07
 Total Assessment £3,149,928
Land Assessment £1,594,082 Annual Taxes £11,850 (£0.76/sf)
Improvements Assessment £1,555,846 Tax Year 2023

PROPERTY TAXES

Parcel Numbers
Multiple
  • 103-163-04
  • 103-163-07
Land Assessment
£1,594,082
Improvements Assessment
£1,555,846
Total Assessment
£3,149,928
Annual Taxes
£11,850 (£0.76/sf)
Tax Year
2023
  • Zaher Elali
    Zaher Elali
  • Winst Properties LLC
(704) 322-9810

  • Listing ID: 32032897

  • Date on Market: 05/06/2024

  • Last Updated:

  • Address: 6201 Albemarle Rd, Charlotte, NC 28212

The Retail Property at 6201 Albemarle Rd, Charlotte, NC 28212 is currently available For Sale. Contact Winst Properties LLC for more information.

Nearby Listings

1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/9
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 1 of 9
dji_fly_20240522_152842_325_1716407601600_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 2 of 9
dji_fly_20240522_153016_334_1716407569986_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 3 of 9
dji_fly_20240522_153124_336_1716407562174_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 4 of 9
dji_fly_20240522_153502_350_1716407500402_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 5 of 9
dji_fly_20240522_153512_353_1716407490094_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 6 of 9
dji_fly_20240522_154410_372_1716407419128_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 7 of 9
dji_fly_20240522_154654_375_1716407408542_photo
6201 Albemarle Rd, Charlotte, NC for sale Building Photo- Image 8 of 9
Areal high altitude

1 of 1

Connect with us

© 2024 CoStar Group

6201 Albemarle Rd
(704) 322-9810 x

6201 Albemarle Rd

Zaher Elali

(704) 322-9810

(704) 322-9810

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link