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
704.379.1967 Office
704.379.1988 Fax
webb@berkeleycap.com
   
Johnston Road Plaza

OFFERING SUMMARY

Johnston Road Plaza is located on the west side of Johnston Road, approximately 300 feet north of McMullen Creek Parkway, just outside the corporate limits of Charlotte, North Carolina. Johnston Road Plaza is actually located within the ETJ of Pineville and is located approximately 9 miles south of the Central Business District for Charlotte, 1 mile east of the interchange of I-485 and NC-51 and 9 miles southeast of Charlotte-Douglas International Airport.

SUBMARKET OVERVIEW

Johnston Road Plaza sits in one of Charlotte's premier residential markets. This strategic location is convenient to major employment centers in South Park and adjacent to some of Charlottes premier stretches of single family development with homes ranging from the $500,000s to well over $1 million and surrounding exclusive country clubs such as Quail Hollow, Carmel Country Club and TPC Piper Glen.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
2016 Population Projection 14,376 77,950 204,120  
2011 Population 13,519 71,027 183,342  
Growth 2000 - 2011 14.72% 22.71% 37.76%  
2011 Average HH Income $82,172 $85,703 $93,815  
 
Profiles
  Map/Directions
Name: Johnston Road Plaza
Address: 10106 Johnston Road
Market: Pineville (Charlotte MSA), NC
Size: 79,508 SF
Occupancy: 96%
Year Delivered: 1996
Parking: 504 spaces
Land Size: +/- 9.622 AC
Pro Forma NOI: $1,166,106
Existing NOI: $1,128,244
   
Anchor Tenants Lease Expiration Square Feet
Food Lion 05/31/2016 54,100
   
NET OPERATING INCOME $1,128,244
   
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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