Charlotte, NC (December 2021) – MPV Properties (“MPV”) is pleased to announce three recent retail investment sales in North and South Carolina.
Taco Bell – A 3,520 Taco Bell asset, located at 4601 N Tryon Street in Charlotte, NC in North Charlotte, was sold for $2,400,000. This absolute NNN Taco Bell asset was well positioned, with a new 20-year lease in place with a strong credit tenant.
Mark Newell, Robbie Adams, and Josh Suggs of MPV Properties represented the seller, and Jon Beal and Bobby Edward of Red Partners represented the buyer.
Bojangles – A 3,519 SF NNN Bojangles asset, located at 109 Robert Smalls Parkway in an affluent coastal suburb just outside of Hilton Head Island in Beaufort, SC, was sold for $2,400,000.
“We are incredibly excited to have facilitated the sale of this well located Bojangles asset. The market for absolute NNN QSR assets throughout the Carolina’s continues to one of the strongest in the nation. The MPV Investment team is focused on NNN Retail and Medical Office assets throughout the Southeast,” stated Josh Suggs of MPV.
Mark Newell, Robbie Adams, and Josh Suggs of MPV Properties represented the seller.
Southend Plaza – A 17,400 SF retail shopping center, located at 7580 Charlotte Hwy in Fort Mill, SC, recently sold for $4,325,000. The area, located directly across from Del Webb’s Sun City Community, is very active with a significant number of townhomes and single family residential communities currently under construction.
Tenants in the shopping center include: Taqueria El Manhattan, Lancaster Golf Carts, Cache Hair Salon, EXP Realty – Kimberly Magette Group, Tap It! Taps on Draft, Cultivate Health and Breakthrough Physical Therapy.
Mark Newell, Mike Chatham, and Jackson Williams of MPV Properties represented the Seller, and Jacob Stauffer of The Overland Group represented the investor.
###
About MPV Properties
MPV Properties is one of the Charlotte area’s leading commercial real estate firms offering landlord and tenant representation in office, industrial, retail and land brokerage, development, investment and association and property management services. For more information, visit www.mpvre.com.
