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
   
Steele Creek Commons

OFFERING SUMMARY

Berkeley Capital Advisors is very pleased to present this offering summary on Steele Creek Commons, a neighborhood-oriented shopping center located in southwest Charlotte, North Carolina. We welcome your review of this attractive investment opportunity.

SUBMARKET OVERVIEW

Steele Creek Commons is located in a sector of southwest Charlotte that is experiencing strong commercial and residential growth.

The center has excellent position and visibility at the intersection North Carolina Highway 49 and Sandy Porter Road. It can be accessed from Exit 1 on Interstate 485, which connects to Interstate 77.

The center is positioned to capitalize on growth from nearby large residential communities such as Ayrsley, The Palisades, The Sanctuary and Berewick.

Southwest Charlotte has the second highest employment base in both North and South Carolina; more than 50,000 workers travel to the submarket for employment each day.

 

DEMOGRAPHICS
   
  1 Mile Radius 3 Mile Radius 5 Mile Radius  
2013 Projection 3,961 41,851 103,081  
2008 Estimate: 3,587 35,967 91,498  
Growth 2008 - 2013: 10.43% 16.36% 12.66%  
Growth 2000 - 2008: 15.78% 34.86% 23.03%  
2008 Average Household Income: $55,419 $60,201 $62,631  
OFFERING MEMORANDUM & FILES
  The offering memorandum and other files for this property requires that you complete a simple onetime registration. Please start by entering your email address
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Profiles
Name: Steele Creek Commons
Size: 56,809 SF
Year Delivered: 1987
Land Size: 5.825 Acres
Leasing Status: 100% Leased
Parking Spaces: 377 Spaces
Location: NC Highway 49 and Sandy Porter Road
Roof: Original Roof
Debt: Assumable
   
Anchor Tenants Lease Expiration Square Feet
Food Lion Sep 2012 26,171
Dollar Tree Sep 2012 9,600
Auto Zone Aug 2013 5,904
   
NET OPERATING INCOME $453,270
   
CAP RATE -
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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