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 within a high-traffic retail corridor in Mooresville, North Carolina, just off Highway 150. The surrounding neighborhood is characterized by a dense concentration of national retailers, grocery anchors, and professional service centers. The property offers convenient logistical access to Interstate 77, serving as a primary connector for the Greater Charlotte metropolitan area. Nearby amenities include various dining options, financial institutions, and established residential subdivisions, ensuring a steady flow of local and regional commuter traffic. The property is suited for diverse retail applications, ranging from boutique storefronts to high-volume consumer service centers. Given the location’s visibility and accessibility, the asset is ideal for tenants in the health and wellness, quick-service food, or specialty soft goods sectors. Typical tenants for this submarket include regional franchises and service-oriented businesses seeking proximity to the established Lake Norman residential base. The site’s positioning supports businesses reliant on frequent consumer turns and significant vehicular exposure.

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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