161 W Plaza Dr

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161 W Plaza Dr

Mooresville, NC 28117
Asking Price
$4.67M
Asset Type
Retail
Class
Class B

What's Special

161 W Plaza Drive is situated in the primary commercial corridor of Mooresville, North Carolina, positioned just off Highway 150. The neighborhood is characterized by high-density retail development and suburban residential communities. The property offers direct proximity to regional anchors including Lowe’s Home Improvement, Target, and various national dining franchises. It is located approximately two miles from Interstate 77, providing regional connectivity to the greater Charlotte metropolitan area and Lake Norman. The site benefits from established infrastructure, consistent vehicular traffic patterns, and multiple points of ingress and egress. The property is suited for general retail operations, professional services, or small-scale showroom use. Given its visibility and location within a high-traffic trade area, the asset aligns with the requirements of national franchises, local boutiques, or medical office tenants. The layout supports businesses that rely on frequent consumer visits and proximity to major shopping centers. Typical tenants for this location include specialty retailers, cellular providers, or quick-service food establishments seeking to leverage the existing commercial synergy of the Highway 150 corridor.

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NOI
$80,000
Cap Rate
1.71%
DSCR
0.29
Underwater
Cash-on-Cash
-14.08%
Monthly Payment
$23,106.591
Annual Cash Flow
$-197,279.091

Location & Travel Times