Northlake Mall
Northlake Mall Charlotte, North Carolina Enclosed, super-regional center in affluent North Charlotte
Growing market of young families MOORESVILLE, NC
and professionals DAVIDSON, NC
CONCORD, NC Home to the most in-demand retailers in the region
Expanding along with the Charlotte GASTONIA, NC CHARLOTTE, NC market
NORTH CAROLINA
SOUTH CAROLINA
10 MILES
Northlake Mall Charlotte, North Carolina North Charlotte’s premier dining, shopping and lifestyle destination
Powerful mix of national and regional department stores (Belk, Dillard’s, Macy’s)
In-demand specialty shops, dining and upscale AMC Theater
New play area for families
Property Description
major roads I-77 and I-485 center description Enclosed, two-level center anchors Macy’s, Belk, Dillard’s, Dick’s Sporting Goods and AMC 14-screen theater total sf 1,078,000 key tenants Michael Kors, Pottery Barn, Apple, LOFT, Buckle, Dry Goods, # of stores 140 Francesca’s Collection, PINK, H&M, Forever 21, Victoria’s Secret, Zumiez, Pandora, Sephora, Brighton Collectibles, Swarovski, P.F. # of parking 5,800 Chang’s, Firebirds Wood Fired Grill, and Parry’s Pizzeria & Bar
THE CENTER THE MARKET STARWOOD Northlake Mall “The Charlotte area’s population is projected to grow by 21% between 2010 and 2030.”
— University of North Carolina Population Center
THE CENTER THE MARKET STARWOOD Northlake Mall OffI-77 , at the epicenter of Charlotte’s growing, affluent northern suburbs
Easily accessible with new I-485 extension
Total trade area population of 1.3M
Surrounded by explosive residential growth
Easy to Find 10 miles from downtown Charlotte Nearby affluent Lake Norman, Huntersville, Mooresville, Davidson Exposure to over 120,000 vehicles daily and Cornelius on I-77 and I-485 47% population growth within 3 miles between 2010-2024
THE CENTER THE MARKET STARWOOD Northlake Mall THE CENTER THE MARKET STARWOOD Northlake Mall Growing economy dominated by financial services, healthcare, energy, technology and retail headquarters
Lucrative business relocation and expansion incentives
Low cost of living, prominent health care system and impressive schools
Live, Work, Play Within 5 miles: Population of 146,700, 27% increase More than 50,000 daytime employees since 2010 Nearly 40% of households have children 13,200 new residents projected at home by 2024
THE CENTER THE MARKET STARWOOD Northlake Mall Distance to Competition Birkdale Village Driving – 8 mi, 12 min Carolina Place Mall Driving – 22 mi, 25 min Charlotte Premium Outlets Driving – 18 mi, 21 min Concord Mills Birkdale Village Driving – 11 mi, 14 min South Park Mall CONCORD WWT Harris Blvd Driving – 18 mi, 26 min 40,000 AADT Concord Mills Northlake Mall I-85 I-77 42,000 AADT 80,000 AADT
60 MILES Legend CHARLOTTE CHARLOTTE DOUGLAS INT’L AIRPORT Primary Trade Area Secondary Trade Area
NORTH CAROLINA Competition Charlotte Premium Outlets South Park Mall Access Roads SOUTH CAROLINA (AADT= annual average daily traffic) 3 MILES Carolina Place Mall
THE CENTER THE MARKET STARWOOD Northlake Mall Davidson College Lowe’s (HQ) (Davidson) (Mooresville) I-77 (7,800 employees) Area Attractions Carowinds Amusement Park CONCORD NASCAR Hall of Fame
Central Piedmont Charlotte Motor Speedway Community College Time Warner Cable Arena (NBA Charlotte Hornets) Bank of America Stadium I-85 (NFL Carolina Panthers) Northlake Mall BB&T Field (Charlotte Knights, Chicago White Sox Triple-A) I-485 Wells Fargo (24,500 employees) Colleges
UNC Charlotte UNC Charlotte (3,000 employees) Central Piedmont I-77 I-485 Community College Davidson College
Combined enrollment 43,500
I-85 Legend Primary Trade Area
Secondary Trade Area American Airlines (11,000 employees) Bank of America (HQ) Duke Energy (HQ) (15,000 employees) Colleges (7,800 employees) CHARLOTTE Novant Health Key Employers 3 MILES (11,000 employees) Atrium Health (35,000 employees)
THE CENTER THE MARKET STARWOOD Northlake Mall Demographics PTA1 STA2 TTA3 US Avg Population 2019 estimate 504,098 771,854 1,275,952 Trade area will add 96,300 2024 projection 548,461 823,815 1,372,276 people by 2024 % growth 2019–2024 8.8% 6.7% 7.5% 3.6% Population White 49% 64% 58% 70% Nearly 40% of PTA By Race Black 37% 23% 29% 13% households will earn Asian 6% 3% 4% 6% $100,000+ by 2024 Hispanic/Latino 10% 12% 11% 18% Highly educated workforce, Median Age 35 38 37 38 with 72% of PTA employed % age 15-24 14% 13% 13% 14% residents occupying white % age 25 to 44 29% 28% 28% 26% collar positions % age 45 to 64 25% 26% 26% 26% Households 2019 estimate 188,773 299,076 487,849 Strong incomes and 2024 projection 204,640 319,073 523,713 affordable cost of living 2019 households with kids under 18 38% 35% 36% 34% Average 2019 estimate $91,682 $83,676 $ 86,774 $89,646 Household % earning $75,000+ 44% 40% 41% 42% Income 2024 projection 103,679 $95,579 $98,744 $98,974 Education % college educated 70% 62% 65% 60%
1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 634 1,597 4,668 26,634 Employment daytime employment 10,792 26,124 51,829 291,370
1 Primary Trade Area 2 Secondary Trade Area 3 Total Trade Area
THE CENTER THE MARKET STARWOOD Northlake Mall Starwood Retail Partners 5th largest manager of regional malls in the US
30 malls and lifestyle centers, with locations in 11 of the top 20 DMAs
100 million+ combined annual visits
$95,400 trade area average household income
California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Plaza West Covina The Promenade Bolingbrook Belden Village Mall Solano Town Center Franklin Park Mall Indiana Great Northern Mall Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Connecticut Hamburg Pavilion The Shops at Willow Bend Charles Cristella / Director, Leasing /215.341.7520 / Blue Back Square Michigan Virginia [email protected] Florida Fairlane Town Center MacArthur Center The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park Bill Cikalo / Director, Big Box Leasing & Development / Westland Mall Montana Washington 312.283.5121 / [email protected] Georgia Rimrock Mall Capital Mall The Collection at Forsyth Kitsap Mall Nebraska Gabe Sirkin / Director, National Restaurant and Entertainment Gateway Mall Leasing / 312-637-6077 /[email protected]
Sources: The Nielsen Company (2019), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com
THE CENTER THE MARKET STARWOOD Northlake Mall