Ballantyne Village
14815 Ballantyne Village Way, Charlotte, NC, 28277-4291, US
17 733 mètres carrés
Descriptif
JLL is pleased to exclusively offer for sale, McCullough Commons, a 246,129 square foot shopping center located in the University City submarket of Charlotte, NC. The center draws over 2.3 million visitors annually and features a diverse tenant mix, including national and regional retailers. The asset is anchored by an Ashley Store + Outlet, which recently executed a lease renewal and also updating this store to their latest Ashley 7.0 concept, demonstrating long-term commitment to this location.
McCullough Commons benefits from it's prominent location in the rapidly growing University City submarket, which if it was its own city, would be the 6th largest city in North Carolina. The shopping center also benefits from direct proximity to major economic drivers such as UNC Charlotte, the 2nd largest and fastest growing university in NC, the University Research Park, and access to Uptown Charlotte through the light rail system.
There are several value-add opportunities for new ownership to pursue, including mark-to-market retail shop leasing (35% of GLA below market), a 367-unit self-storage facility in its first year of lease up, and an entitled multifamily land parcel.
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Attributs
Superficie du bâtiment nette
22 866 mètres carrés
Occupation
96 %
Année de construction
2000
Superficie du terrain nette
5 ha
Média
Points forts de l'investissement
PRIME LOCATION IN EXPANSIVE UNIVERSITY CITY SUBMARKET
- High-traffic corner with 79,000+ VPD at intersection of E WT Harris Blvd and N Tryon St
- 94% population growth within 1-mile radius from 2010-2025
SIGNIFICANT VALUE-ADD UPSIDE AND LAND DEVELOPMENT OPPORTUNITY
- 35% of shop GLA (50,503 SF) is below market with $345K+ rent revenue upside potential
- Additional revenue opportunity through lease up of 367 self-storage units
- Entitled land parcel for multi-family development
TOP-PERFORMING CENTER AT STRATEGIC LOCATION
- 2.3M annual visits with 11.6% increase in customer visits over the past year
- Ranks in top 15% of centers in North Carolina and top 20% nationally
- Proximity to UNC Charlotte Campus, NC’s Second Largest University w/ 31,000 Students
DIVERSE, SERVICE-ORIENTED TENANT MIX IN INSTITUTIONAL SUBMARKET
- Unique destination focused tenant base with several food & beverage, & service tenancies
- Located in established institutional submarket with long-term stability
Contactez les courtiers
McCullough Commons (0 Propriétés)
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Dernière mise à jour
18 mars 2026
