Northlake Mall Charlotte, North Carolina Enclosed, Super-Regional Center in Affluent North Charlotte
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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 1,070,000 key tenants Michael Kors, Pottery Barn, Apple, LOFT, Buckle, Francesca’s # of stores 140 Collection, PINK, H&M, Forever 21, Victoria’s Secret, Zumiez, Pandora, Sephora, Brighton Collectibles, Swarovski, P.F. Chang’s, # of parking 5,800 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 Off I-77, at the epicenter of Charlotte’s growing, affluent northern suburbs Easily accessible with new I-485 extension Total trade area population of 1.2M 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 Over 40% population growth within 3 miles between 2010-2023 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 144,000, 25% increase More than 50,000 daytime employees since 2010 Nearly 40% of households have children 14,000 new residents projected at home by 2023 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 2018 estimate 493,438 754,254 1,247,692 Trade area will add 94,000 2023 projection 538,538 803,292 1,341,830 people by 2023 % growth 2018–2023 9.1% 6.5% 7.5% 3.5% Population White 50% 64% 58% 70% 30% of PTA households will By Race Black 37% 23% 28% 13% earn $100,000+ by 2023 Asian 6% 3% 4% 6% Highly educated, with 70% Hispanic/Latino 10% 12% 11% 18% working in white-collar jobs Median Age 35 38 37 38 within 3 miles % age 15-24 14% 13% 14% 14% % age 25 to 44 30% 28% 28% 26% Strong incomes and % age 45 to 64 25% 26% 26% 26% affordable cost of living Households 2018 estimate 184,574 292,332 476,906 2023 projection 200,721 311,460 512,181 2018 households with kids under 18 38% 35% 36% 34% Average 2018 estimate $ 84,530 $ 77,541 $ 80,246 $ 86,278 Household % earning $75,000+ 40% 36% 37% 40% Income 2023 projection $ 90,827 $ 85,812 $ 87,777 $ 95,107 Education % college educated 68% 60% 63% 59% 1-MILE 3-MILE 5-MILE 10-MILE Business & business establishments 571 1,450 4,300 25,280 Employment daytime employment 10,458 25,576 51,669 324,007 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 $84,600 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 / Senior 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 Bryant Siragusa / Vice President, National Restaurant and Gateway Mall Entertainment Leasing / 214.771.2003 / [email protected] Sources: The Nielsen Company (3/27/18), State Department of Transportation, State and Local Economic Development Resources Starwood Retail Partners 12/04/18 1 East Wacker Drive Suite 3600 Chicago, IL 60601 www.starwoodretail.com THE CENTER THE MARKET STARWOOD Northlake Mall.