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201 N Church St
Mooresville, NC 28115

$38,900,000 USD

Apartments For Sale  •  134,068 SF

Property Details

  • Property Type Apartments
  • Total Building Size 134,068 SF
  • Lot Size 2.27 AC
  • Building Class A
  • Year Built 2021
  • Cap Rate 5.10 %
  • Zoning TD
0 Transit Score
71 Walk Score

Highlights

Mill One provides qualified investors with a mixed-use trophy property consisting of 90 upscale apartments and 32,000 SF of quality retail space.
A new owner can benefit from attractive, in-place assumable financing for approximately $23,000,000 at a ±4.32% fixed rate.
The community’s exceptional location places it near top-rated shopping and dining experiences, historic music venues, and beautiful outdoor spaces.
Driven by solid population growth, the local MSA has shown solid population growth, with a high barrier to entry for new competing projects.

Property Flyers

Cap Rate: 5.10 %

Major Tenants

Tenant SF Occupied Lease End Date
Acqua Regazza
AM Realty - Mill One
Buah Juice Bar
Comparion Insurance Agency
eatabowl
Ivy Rehab Network
Mikula Salon and Spa
MV2 Investments LLC
Rio 150 Mexican Restaurant
Savannah Oyster Co.

Amenities

  • Air Conditioning
  • Courtyard
  • Microwave
  • Picnic Area
  • Property Manager on Site
  • Package Service
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Maintenance on site
  • Dining Room
  • Pantry

Public Transportation

AirportDriveWalkDistance
Concord-Padgett Regional 30 min - 17.2 mi
Charlotte/Douglas International 49 min - 33.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Nick Gonzalez, CCIM 336-724-1715 Linville Team Partners
Nick Gonzalez, CCIM 336-724-1715 Linville Team Partners