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Atlanta & Southeast  + Carolinas  + Retail  | 
AJ Capital Partners has purchased 36 & NoDa, a 26,447-square-foot retail property in Charlotte, NC, for $10.3 million.

Authentic Tenant Makeup Contributes to $10M Sale of Charlotte NoDa Retail Building

Nashville, TN-based real estate investment manager AJ Capital Partners has purchased 36 & NoDa, a 26,447-square-foot retail property in the North Davidson neighborhood of Charlotte, NC, for $10.3 million.

Jared Londry and Alex Olofson of Stream Realty Partners represented seller Ascent Real Estate Capital, a Charlotte-based real estate investment company.

36 & NoDa is a high-street, experiential retail investment that is home to notable tenants including Salud Cerveceria and Neighborhood Theatre, one of Charlotte’s oldest music venues for locals and concert enthusiasts.

“Local operators like Salud are the backbone of the small business community and what create the coveted ‘authentic’ tenant makeup at this location,” said Londry. “Promoting Salud’s incredible success along with the staying power of Neighborhood Theatre helped pique initial interest in this property. But convincing investors to come to Charlotte to feel the environment’s energy is what really demonstrated the value-proposition and generational value of this asset, which ultimately led to insatiable demand from capital sources.”


Inside The Story

Stream Realty Partners' Londry

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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