Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Valvoline | Charlotte, NC. This newly constructed location signed a 15-year lease in 2023 and has a 10% rent increase every 5 years. The Asset is located in the busy Northlake submarket near the corner of W WT Harris Blvd & Reames Rd.
- Strategically Located
- Subject Site is positioned within the Northlake submarket, which is home to Northlake Mall and several power center with tenants including Belk, Target, Macy’s, Lowe’s, AMC, PetSmart, Best Buy, & REI
- Strong Demographics
- Located in a high density area with over 145,000 people in 5 miles | 5-mile average household income of over $98,000
- New Construction
- New build-to-suit Starbucks | Warranties will be assigned to the new owner
- High Traffic
- Easy access to the heavily trafficked thoroughfares of I-485 (75,000 VPD), I-77 (73,500 VPD), and W. WT Harris Blvd (33,500 VPD)
- A Top Performing Market Nationally
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage) | Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022) | 5th fastest growing city from 2021 to 2022 (population change: 15,217)