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6801 Northgate Mall Drive

Updated Aug 14, 2026

SOLDRetail

Hull Property Group Acquires Retail Asset At 6801 Northgate Mall Drive In Charlotte For $39M

6801 Northgate Mall Drive

$39,000,000

Units

1,060,071

Asset Type

Retail

Closing

Feb 24, 2025

About this deal

AI

The property asset involved in this transaction is located at 6801 Northgate Mall Drive in Charlotte, NC. This retail asset encompasses a total of 1,060,071 square feet and has been sold for a price of $39,000,000.00.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $39,000,000.00
Address: 6801 Northgate Mall Drive
Market: Charlotte, NC
Units: 1,060,071
Buyer: Hull Property Group
Sale Date: 02/24/2025

This transaction was executed with Hull Property Group acting as the buyer in this deal, reflecting their ongoing strategy in the retail market. The deal emphasizes the interest in large-scale retail developments within the Charlotte area, exhibiting market activity in this sector.

Players

JLLBrokerage

HG

Hull Property GroupBuyer

Charlotte Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $37 per unit across 1060071 units on a published $39M (2025).

Browse Charlotte retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

Hull Property Group Acquires Retail Asset At 6801 Northgate Mall Drive In Charlotte For $39M

About this deal

Summary of transaction details:

Players

Charlotte Retail Market Snapshot

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