Available

Pass41

4100 Raleigh Street, Charlotte, NC 28213

79,857 SF

Total GLA

44%

Occupancy

$934,895

Existing NOI

3.72 AC

Land Size

Property Overview

Overview

Pass41 is a Class A mixed-use investment opportunity located in the heart of Charlotte’s rapidly growing NoDa submarket. The transit-oriented campus combines specialty retail, creative office and medical uses with direct access to the LYNX Blue Line and offers significant value-add potential through the lease-up of existing vacancy. Surrounded by strong demographics, continued residential growth and more than 5,000 nearby multifamily units, Pass41 presents a compelling opportunity to acquire a differentiated mixed-use asset at a basis well below replacement cost.

Property Details

Property Highlights

Address	4100 Raleigh Street, Charlotte, NC 28213
Year Built	2023
Total GLA	79,857 SF
Total Land Size	±3.72 Acres
Leased	44%
Existing NOI	$934,895
Financing	Free & Clear

Why This Deal

Investment Highlights

Booming Market

Pass41 is strategically positioned within Charlotte, one of the nation’s fastest-growing markets for population, employment, and corporate investment. Continued corporate relocations and expansions across financial services, technology, healthcare, and advanced manufacturing are driving job creation and in-migration, supporting long-term demand for retail, office, and mixed-use real estate.

Transit-Oriented Mixed-Use Campus

Pass41 offers a unique mixed-use environment combining specialty retail, creative office, and medical uses with direct access to the LYNX Blue Line. This integrated, transit-oriented setting creates multiple demand drivers while providing flexibility to lease existing vacancy and capitalize on NoDa’s continued growth and densification.

Value-Add Lease-Up Opportunity

At 44% leased, Pass41 offers significant value-creation potential through the lease-up of existing vacancy, including two fully built-out, turnkey office suites. The larger 23,454 SF main-level and mezzanine space provides flexibility for an office end user, creative office, food hall, entertainment-oriented use, or subdivision into smaller, higher-rent suites; creating multiple paths to increase occupancy and grow NOI.

Robust Demographics

The property is supported by strong demographics, with approximately 298,000 residents within five miles and an average household income exceeding $123,000. The one-mile population is projected to grow 41.7% over the next five years, reinforcing the submarket’s exceptional growth trajectory.

Continued Residential Growth

Pass41 benefits from more than 5,000+ nearby multifamily units recently delivered or under construction, along with direct LYNX Blue Line access. This growing live-work-play environment is increasing density and consumer activity, strengthening demand from retail and office users seeking expansion opportunities in one of Charlotte’s emerging infill submarkets.

Specialty Tenant Demand

Pass41 benefits from NoDa’s distinctive arts, culture, and entertainment identity, which attracts a highly engaged consumer base and specialty tenants seeking authentic, differentiated locations. With a targeted leasing strategy focused on experiential, food and beverage, creative, and service-oriented users, the property is well positioned to increase occupancy and capitalize on the submarket’s continued growth.

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