afton village retail portfolio or individual tenants...chesterfield retail at afton village fully...

CHESTERFIELDRETAILatAftonVillageFullyLeasedRetail,PortfolioorSingleTenantInvestmentFORSALE

ChrisD.Orr704-619-7554co@romansproperties.com

Concord,NC

TheChesterfieldBuilding- Offering

Investment can be purchased as portfolio or as individual units

INVESTMENT DETAIL- ENTIRE PORTFOLIO

PRICE $1,300,000

NOI $97,868

CAP 7.5

SQUARE FEET 6,219 SQ FT

TENANTS 4- Grimsley Jewelry, Whit’s Frozen Custard, Planet Ballroom, Dance Expressions

INVESTMENT TYPE Absolute Net

OCCUPANCY 100%

TheChesterfieldBuilding– TenantBreakdown

Investment can be purchased as portfolio or as individual units

Grimsley Jewelry- 5405 Village Dr NW

PRICE $390,000

NOI $29,250

CAP 7.5

SQUARE FEET 1,300 SQ FT

TENANT Grimsley Jewelry

LEASE EXPIRATION 3/31/22

TheChesterfieldBuilding– TenantBreakdown

Investment can be purchased as portfolio or as individual units

Whit’s Frozen Custard- 5409 Village Dr NW

PRICE $327,053

NOI $24,529

CAP 7.5

SQUARE FEET 1,291 SQ FT

TENANT Whit’s Frozen Custard

LEASE EXPIRATION 4/30/22

TheChesterfieldBuilding– TenantBreakdown

Investment can be purchased as portfolio or as individual units

Dance Expressions & Planet Ballroom- 5415,5419 Village Dr NW

PRICE $587,853

NOI $44,089

CAP 7.5

SQUARE FEET 3,628 SQ FT

TENANT Dance Expressions & Planet Ballroom (one unit that must be purchased together)

LEASE EXPIRATION Planet Ballroom- 10-31-21Dance Expressions- 12-31-17

TheChesterfieldBuilding– Market

Description

TheChesterfieldBuildingatAftonVillage.TheChesterfieldBuildingisa3-story,residential-over-commercialmixed-usebuilding.Strikingarchitectureofstuccoandbrick. Theofferingincludes7tenantsinplacemultipleyearleasesandvariedleaseexpirations.

NeighborhoodandArea

AftonVillageisamixed-useneighborhooddevelopedintheTraditionalNeighborhoodDesign(TND)genre,locatedattheintersectionofI-85&GeorgeLilesParkway(exit54)inConcord,NC.AftonVillagecontainsover380residentialunitsincludingcondominiums,townhomes,andsinglefamilyhomesfeaturingfrontporchesandtimelessdesigns.CommercialcomponentsincludeYMCA,7restaurants,variousmedicalclinicsanduniquespecialtystores. LocatedimmediatelyacrossI-85isAftonRidgeShoppingCentercontaining325,000squarefeet.Anchors includeSuperTarget,Dick’s,BestBuy,Marshalls,PetSmart,etc.ThenewlyopenedKannapolisParkwayservesasa4laneentrancetotheNCBiotechnologyCenter,a$700millionbiotechresearch.( www.ncbiotech.org )Developmentsintheimmediateareaincludeanewretirementvillage,high-endneighborhoods,aprominentprivateschool(CannonSchool)&newcharterschool.

TheChesterfieldBuilding

•LargestandmostrecognizablebuildinginAftonVillage.•Commercialgroundfloor.Residentialcondominium2ndand3rdfloor.•Parking:Onstreetandprivatelots.Equivalentto6spacesper1,000squareofcommercialspace(plusparkingforresidential)•TICAMincludesHVACquarterlymaintenance.Doesnotincludeanchor-shortfallcomponent,commonintraditionalcenters.

TheChesterfieldBuilding- Market

TheChesterfieldBuilding-Notes

DealHighlights

•AbsoluteNetLeases.

•Threeofthefourtenantsleaseslongerthan4years

•Heavyparkingforcommercialuses

•Staggeredleaseexpirationswhichhelpwithinvestorrisk

•LocatedwithinoneofthehottestgrowthareasoftheCharlotte,NCMetro

•TwocontiguousunitsforcontractionandexpansionofnowandfutureTenants

•LargeCustomerbaselocatedwithinAftonVillageforTenants

TheChesterfieldBuilding– OfferingHighlights

LOCATION CHESTERFIELDRETAILPORTFOLIO

AFTONVILLAGERETAILPORTFOLIO

CHESTERFIELDRETAILPORTFOLIOatAftonVillage

ConcordNC

F O R M O R E I N F O R M A T I O N :

Chris Orr: co@romansproperties.com 704.619.7554