Northlake Mall Charlotte, North Carolina in the Heart of an Affluent Residential District
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Northlake Mall Northlake Mall Charlotte, North Carolina In the heart of an affluent residential district, and home to some of the most in-demand MOORESVILLE, NC retailers in the region, Northlake Mall has become DAVIDSON, NC a haven of comfort and style in North Charlotte. CONCORD, NC Appealing to the well-to-do families who’ve GASTONIA, NC chosen to live in the financial capital of the South, CHARLOTTE, NC NORTH CAROLINA Northlake Mall is the heart of one of the most SOUTH CAROLINA 10 MILES dynamic communities in the country, with plans to expand along with the Charlotte market. It’s our home, too. 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 tenants, dining and entertainment including upscale, loveseat-style stadium seating at AMC Theater • Newly completed play area for families • Additional big box development planned 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 1,070,000 key tenants Michael Kors, Pottery Barn, J. Crew, Brooks Brothers, Guess, # of stores 140 Banana Republic, Apple, Bebe, Loft, Brighton Collectibles, Fossil, H&M, Soma Intimates, Swarovski, Forever 21, P.F. Chang’s, and # of parking 5,800 Firebirds Wood Fired Grill 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 • Best regional access in market off Interstate 77 • Just off new Interstate 485 extension, connecting center to Northeast and Southeast Charlotte • Additional residential construction nearby • Trade area population of more than 1.1 million spanning six counties Easy to Find 10 miles from downtown Charlotte Nearby affluent Lake Norman, fastest growth rate in the market Visible to over 80,000 vehicles traveling on I-77 Exposure to more than 40,000 vehicles daily on I-485 THE CENTER THE MARKET STARWOOD Northlake Mall “Northlake’s variety of specialty shops (… the choices are legion), attractive design, and easy access make it a popular year-round destination” — USA Today 10 Best • Solid economy dominated by financial services, healthcare, energy, technology and retail headquarters • Lucrative business relocation and expansion incentives • No. 9 on Forbes’ list of Fastest-Growing Cities in US (2015) Live, Work, Play Convenient to ongoing residential Within 5 miles – more than 50,000 and commercial development daytime employees Within 5 miles – population has More than 1,000 upscale townhomes, doubled since 2000, to 135,900 lofts and apartments built within a half residents mile since 2012 Within 5 miles – 11% projected 110,000+ college students within 10 miles population growth by 2021, triple US average THE CENTER THE MARKET STARWOOD Northlake Mall • Strong family market with 36% of households having Trade Area children at home Average Household Expenditures on Par With US • Nearby affluent trade areas include Huntersville, $2,258 on food away Mooresville, Davidson and Cornelius from home $642 on home furnishings • Nearly 30% of trade area households will earn $836 on sports and recreation $100,000+ by 2021 $1,797 on apparel $904 on personal care • Affordable housing, prominent health care system and products and services impressive schools 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 I-77 Charlotte Premium 80,000 AADT Outlets Driving – 18 mi, 21 min Concord Mills Birkdale Village Statesville Road Driving – 11 mi, 14 min 14,000 AADT South Park Mall WWT Harris Blvd Driving – 18 mi, 26 min 40,000 AADT Concord Mills Northlake Mall I-85 42,000 AADT Legend Trade Area Competition CHARLOTTE DOUGLAS CHARLOTTE Access Roads INT’L AIRPORT I-77 88,000 AADT (AADT= annual average Charlotte Premium Outlets daily traffic) South Park Mall 3 MILES Carolina Place Mall THE CENTER THE MARKET STARWOOD Northlake Mall 10 mi. 339,920 Area Attractions I-77 Carowinds Amusement Park NASCAR Hall of Fame Daytime Employees Charlotte Motor Speedway 5 mi. 26,576 51,645 Time Warner Cable Arena (NBA Charlotte Hornets) 3 mi. Businesses 4,390 Bank of America Stadium 24,306 (NFL Carolina Panthers) 1,471 BB&T Field (Charlotte Northlake Mall 36,779 135,924 Residential Population 509,668 Knights, Chicago White $74,956 Sox Triple-A) $74,988 I-485 Colleges Household Income UNC Charlotte Central Piedmont Carolina’s Healthcare $77,338 Community College UNC Charlotte I-77 Wells Fargo I-485 Davidson College Combined enrollment 43,500 Legend Demographics Key Employers Bank of America (HQ) Duke Energy (HQ) 3 MILES THE CENTER THE MARKET STARWOOD Northlake Mall Demographics Trade Area US Average Population 2016 estimate 1,119,275 Charlotte ranks 5th in 2021 projection 1,207,319 population growth and 6th in % growth 2016–2021 7.9% 3.7% fastest growing economies Population White 57.4% 71% of 260 large cities By Race Black 29.2% 13% — WalletHub.com, 2015 Asian 3.9% 5% Hispanic Ethnicity 11.7% 18% Charlotte is a top moving 36 38 Median Age destination % age 15-24 14% 14% — United Van Lines, 2015 % age 25 to 44 29% 26% % age 45 to 64 25% 26% Top 10 Best Cities for Home Households 2016 estimate 429,985 Buyers 2021 projection 463,707 — Movoto, 2015 2016 households with kids under 18 36% 34% Average 2016 estimate $77,230 $77,135 Household Best Places for Business and % earning $75,000+ 35% 36% Income Careers 2021 projection $84,138 $83,619 — Forbes, 2015 Education % college educated 64% 59% 1-MILE 3-MILE 5-MILE 10-MILE Fastest Growing Food and Business & business establishments 567 1,471 4,390 26,576 Drink Cities Employment daytime employment 9,932 24,306 51,645 339,920 — EventBrite, 2015 THE CENTER THE MARKET STARWOOD Northlake Mall Predominant Market Lifestyle Segments Accumulated Wealth—17% Young Accumulators—12% • Families & couples age 50+ • Married with large families • Upscale, college-educated • Age 35 to 50 baby boomers • Mix of upscale professional • Sprawling suburban homes and managerial jobs • Disposable cash and • Fashioned comfortable, sophisticated tastes upper-middle class lifestyles • Enjoy top-of-the-line • Favor outdoor activities, electronics, sporting team sports and kid-friendly equipment, cars and technology vacations Mainstream Families—12% Cautious Traditionalists—11% • Family mix with adults age 35 • Over 55 year-old mix of to 50 singles and couples • Middle-class • High rate of home ownership • Modestly priced homes • Fans of reading, home-based • Maintain lifestyles befitting hobbies and travel large families • Enjoy eating out at family • Rank high in outdoor activities restaurants and sports • Pursue entertainment outside the home THE CENTER THE MARKET STARWOOD Northlake Mall Starwood Retail Partners: A New Kind Of Owner For A New Generation Of Retail Starwood Retail Partners is not your father’s — or your grandfather’s — landlord. We’re acquiring, redeveloping, managing, leasing and operating the next generation of shopping centers for a new generation of shoppers: active, exciting community cores for an increasingly interconnected consumer. Owned by Starwood Capital Group, we’ve grown our portfolio to 30 centers in 16 states across the United States since our founding in 2012, working with top-tier investment firms to help finance our properties, and employing the talents and skills of the most creative professionals in the business to maximize their value. We build solid relationships and partner with our retailers to ensure that they are in the right property at the right time, with the right deal to support their success now and in the future. We invest in innovative technologies that help our properties become more productive, our stores more exciting and our shoppers more engaged. We understand that ultimately, as an owner, as an employer and as a citizen of our communities, it’s not about property, it’s about people. California Illinois North Carolina Metreon The Arboretum of South Barrington Northlake Mall Northridge Mall Chicago Ridge Mall Parkway Plaza Louis Joliet Mall Ohio Belden Village Mall Plaza West Covina The Promenade Bolingbrook / Director, Leasing / 404.281.3568 / Solano Town Center Franklin Park Mall Suzanne Yaeger Indiana Great Northern Mall [email protected] Colorado Southlake Mall SouthPark Mall Belmar Kentucky Texas Bryant Siragusa / National Director, Restaurants & Entertainment / Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / [email protected] Blue Back Square Michigan Virginia Florida Fairlane Town Center MacArthur Center Bill Cikalo / Director, Big Box Leasing & Development / 312.283.5121 / The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park [email protected] Westland Mall Montana Washington Georgia Rimrock Mall Capital Mall Michael Powers / Vice President, Leasing - East / 312.242.3208 / The Collection at Forsyth Kitsap Mall [email protected] Nebraska Gateway Mall Ed Coury / Senior Vice President, Leasing / 312.242.3217 / [email protected] Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources 11/14/16 Starwood Retail Partners 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Northlake Mall.