Other Transactions
Exmore – LoSo (Lower South End)
Charlotte, NC
3.77 Acres Multifamily Site & .739 Acres Office Site
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3.77 Acres Multifamily Site & .739 Acres Office Site
South Main Davidson is a street retail investment located in the heart of Davidson, NC, a rapidly growing and affluent Charlotte suburb. Carolina Capital (CC) purchased the property in February 2021.
CC’s investment objective was to acquire a stabilized retail property with a diverse and established tenant mix in a thriving Charlotte sub-market. The center was acquired at an attractive cap rate and below replacement costs. Furthermore, the property is strategically located in a dense and thriving suburban downtown, and benefits from proximity of Davidson College.
CC plans to hold the asset as part of their street retail and stabilized income portfolio.