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.