13835 South Lakes Drive Retail
  • Asking Price
    $3.1MAsking Price
  • Cap Rate
    6.29%Cap Rate
  • Price/SF
    $244.11Price/SF
  • Gross Leasable Area
    12,699 SFGross Leasable Area
  • Traffic Count
    39000Traffic Count
  • NOI
    $195KNOI

Description

Lucky Dog Bark & Brew is a retail property for sale at 13835 South Lakes Drive in Charlotte, NC, within the Steele Creek submarket. Its 12,699 SF of gross leasable area anchors an investment offering with a defined operating profile.

Built in 1997 on 3.5 acres, the Property combines retail space with a pet-friendly dog park amenity. That feature gives the site an identity tied to the Lucky Dog Bark & Brew name, rather than positioning it solely by building size. A traffic count of 39,000 AADT adds a measure of activity for buyers focused on the property’s retail setting. The Property is 100% occupied, so the acquisition is framed around its existing tenancy rather than vacant space to fill. Its NNN lease structure is another part of that income profile.

The asking price is $3,100,000, or $244.11 PSF, with a land price of $885,714.29 per acre. In-place NOI of $194,837 corresponds to a 6.29% in-place cap rate, and the WALT is 6 years. Together, those figures give an investor a basis for examining the current income and the time remaining on the lease commitment. The combination of full occupancy, a defined lease structure and a property-specific amenity makes Lucky Dog Bark & Brew an acquisition centered on existing cash flow and a retail identity.

Offering Summary

  • Asking Price
    $3,100,000
  • Price PSF
    $244.11
  • Price/Acre
    $885,714.29
  • Property Type
    Retail
  • Size
    12,699 SF
  • Properties
    1
  • Built
    1997
  • Total Acres
    ~3.50 ac

Sale Details

  • Walt
    6 Years
  • Cap Rate
    6.29%
  • NOI
    $194,837
  • In-Place Cap Rate
    6.29%
  • In-Place NOI
    $194,837
  • In-Place Rents
    194,837

Documents

Property Address

13835 South Lakes Drive
Charlotte, NC 28273

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    1997
  • Amenities
  • Lease Type
    NNN
  • Gross Leasable Area
    12,699 SF
  • Traffic Count
    39,000 AADT
  • Acres
    3.50

Deal Team

Chris Wiener profile image

Chris Wiener

Marketing and Transactions Manager
Atlantic Retail