Frazier and his aunt were pulling into a home in the 2200 block of Finchley Drive around 10.20pm on Monday when the two young men ran from the bushes, WSOC reported.
One man turned around and opened fire, hitting Frazier while he was still in the backseat of the car, sources told WSOC.
His aunt drove to a gas station less than a mile away on the 900 block of Eastway Drive to get help, according to Charlotte Mecklenburg Police.
The teen died in the hospital, and it is unclear whether Frazier was specifically targeted in the shooting.
Police are now searching for the two suspects, thought to be in their teens or early 20s.
They are both are described by police as black men with thin builds. They were last seen wearing hoodies and a $5,000 reward is being offered through Crime Stoppers.
His father Daniel Frazier, has worked for the Kannapolis police force for less than two years, and police chief Woody Chavis said they were 'heartbroken over the loss of one of our family members...'
He added: 'Our families are the backbone of our department and without them we could not survive.
'We are stunned that once again a senseless tragedy has impacted the lives of our children and our officers.'
Frazier, who was an eighth-grader at Kannapolis Middle School, will hold a candlelight vigil for him at 6pm on Thursday.
Jeniffer Suhocky wrote on Facebook: 'I am sitting here thinking about Anthony Frazier and his family, friends and aquaintainces...
'He was such a sweet little boy with such a bright future. He had a great personality and was funny too. The Lord has taken this angel home way to soon..my condolences to all that are affected by this tragic loss...'
A GoFundMe page set up in his memory has raised more than $1,300.
Anyone with information about the two suspects should call Crime Stoppers tip-line at (704) 334 - 1600.
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