The Terraces at Park Place, Pineville, Charlotte, North Carolina

The Terraces at Park Place is a supermarket anchored shopping centre, renovated in 2001, and consisting of 1 main building and 2 adjoining buildings collectively containing approximately 7,655 square meters on a 37,923 square meter site. The property is well leased and incorporates a number of national retailers including a Bi-Lo supermarket, Starbucks outlet and Mecklenburg Bridal.

Location

The Terraces at Park Place is situated 19 kilometres from the Charlotte Central Business District. The property occupies a prominent site with frontages to Pineville-Matthews Road (Highway 51), the Interstate 485 (the Charlotte Ring-Road) and Park Road. nd 2011.

Value

US $12,450,000

Valuation Date

July 13, 2011

Valuer

CBRE

Lease Expiry

3.2 years by income

Major Tenant

Bi-Lo

Expiry (Major Tenant)

November 2016

Building Area

7,655 m2

Site Area

37,923 m2

Car Spaces

410