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
   
Cedar Walk Market

OFFERING SUMMARY

Cedar Walk Market is located in a very high growth area in South Charlotte, better known as Ballantyne. The center is newly constructed and 100% occupied. In 2010 Lorenzo's Pizzeria, a tenant in the center, was voted best pizza in Charlotte by CitySearch.com.

SUBMARKET OVERVIEW

Ballantyne is a rapidly growing live-work community that encompasses 2,200 acres. The development lies in the southern most part of Charlotte, along the North and South Carolina border. The I-485 outerbelt runs through the development and sees one of the highest traffic counts in North Carolina.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
2016 Population Projection 7,688 66,481 136,977  
2011 Estimate 6,777 57,921 120,434  
Growth 2000 - 2011 191.99% 142.33% 82.85%  
2011 Est. Avg. HH Income $97,124 106,660 102,7345  
 
Profiles
  Map/Directions
Name: Cedar Walk Market
Address: 16715 Orchard Stone Run
Market: Ballantyne (Charlotte MSA), NC
Size: 19,313 SF
Occupancy: 100%
Year Delivered: 2007
Land Size: 2.203 Acres
Parking Spaces: 91
Debt: Free and Clear
Pro Forma NOI: $492,056
Existing NOI: $522,732
   
Anchor Tenants Lease Expiration Square Feet
Buffalo Wings & Rings 01/31/2021 4,800
Lorenzo's Pizzeria 02/28/2015 3,000
9 Round Boxing 12/31/2015 1,200
   
NET OPERATING INCOME $492,056
   
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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