Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
7043791967 Office
7043791988 Fax
webb@berkeleycap.com
   
Olde Towne Village

OFFERING SUMMARY

Olde Towne Village is a well-established, grocery-anchored shopping center that is located in Charlotte. The Harris Teeter and CVS anchored-center is 67,465 SF and 100% occupied.

SUBMARKET OVERVIEW

The Center is well positioned at the intersection of Carmel Road and Quail Hollow Road, in one of the most desirable areas of Charlotte. Carmel Road is one of the major thoroughfares running through South Charlotte and connects to I-485, the beltline circling Charlotte. Quail Hollow Road turns into Sharon Road and travels through the high-income neighborhood of SouthPark.

 

DEMOGRAPHICS
   
  1 Mile Radius 3 Mile Radius 5 Mile Radius  
2013 Projection 6,111 75,881 208,025  
2008 Estimate 5,935 75,507 194,718  
Growth 2008 - 2013 2.97% 4.03% 6.83%  
Growth 2000 - 2008 0.53% 3.26% 8.52%  
2008 Average Household Income $148,135 $105,182 $97,850  
 
Profiles
  Map/Directions
Name: Olde Towne Village
Size: 67,465 SF
Year Delivered: 1978; Renovated in 1999; Harris Teeter expansion in 2006
Land Size: +/- 9.05 acres
Leasing Status: 100% leased
Parking Spaces: 304 spaces
Parking Lot: Excellent condition; restriped Dec 08
Location: NW Corner of Carmel Road and Quail Hollow Road
   
Anchor Tenants Lease Expiration Square Feet
Harris Teeter Aug 2026 36,100
CVS Jan 2020 10,125
   
NET OPERATING INCOME -
   
CAP RATE 0
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
Listings Database by Reaction Web
Client References Recent News Contact Us Berkeley Capital Advisors - Real Estate Investment Sales