5805 Highland Shoppes Dr

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5805 Highland Shoppes Dr

Charlotte, NC 28269
Asking Price
$3.75M
Asset Type
Retail
Class
Class B

What's Special

5805 Highland Shoppes Drive is located within the Highland Shoppes retail center in North Charlotte. The property is situated at the intersection of Ridge Road and Prosperity Church Road, directly adjacent to the I-485 outer beltway. The surrounding neighborhood is characterized by suburban residential developments and high-traffic commercial hubs. Nearby amenities include grocery-anchored shopping centers, professional services, and casual dining options. Its proximity to major highways provides regional accessibility and visibility to commuters traveling throughout the Charlotte metropolitan area. The property is suited for general retail use, medical offices, or service-oriented businesses. The typical tenant profile includes national franchises, local boutique retailers, and professional practitioners seeking a high-traffic suburban setting. Given the demographics of the surrounding Highland Creek area, the location supports businesses focused on neighborhood services, fitness, and health. The layout of the Highland Shoppes complex accommodates both destination-based retail and daily-needs providers requiring consistent consumer visibility.

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NOI
$80,000
Cap Rate
2.13%
DSCR
0.36
Underwater
Cash-on-Cash
-12.68%
Monthly Payment
$18,552.954
Annual Cash Flow
$-142,635.447

Location & Travel Times