Development Site for Sale Along Blue Line Extension University City, Charloe, NC Address: 8515 University Execuve Park Drive Charloe, NC 28262 Price: $3.5 million Property Type: Land Lot Size: 5.05 acres Zoning: MUDD‐O (Seller will sell subject to rezoning.) Demographics: 5‐mile Bob Vande Weghe Populaon 189,806 President Average HH Income $66,907 2100 Crescent Avenue Median Age 31.5 Suite 250 Charloe, NC 28207 McCullough Staon short walk 704‐527‐8600 [email protected] www.evergreencp.com Table of Contents Maps & Aerials ................................................................................................................... 3 University Area Overview ................................................................................................... 7 Traffic Counts ...................................................................................................................... 9 Blue Line Extension arcle from The Charloe Observer ................................................. 17 Demographics ................................................................................................................... 24 Maps & Aerials 3 Locaon Map University Research Park 4 Aerial The subject property is located in the heart of University Execuve Park. This 50‐acre campus is just off I‐85 at the WT Harris Boulevard exit and across I‐85 from the University Research Park. It is located at the Lynx Blue Line’s soon‐to‐open McCullough staon. 5 Lynx Blue Line Extension (opening March 18, 2018) 6 University Area Overview Informaon provided by University City Partners | universitycitypartners.org 7 University Area Overview Anchored by UNC Charloe, this global community thrives as Charloe’s second largest employment center. Superior road and transit infrastructure, ideal office locaons, and direct access to UNC Charloe’s talent pipeline and muldisciplinary research all contribute to University City’s vibrant, global economy. University City has benefited from recent economic investment as businesses have expanded or located there and entrepreneurs and spin‐offs have opened up shop. Fueled by innovaon, this employment center has a dayme workforce of 75,000 in a wide range of businesses that include energy, finance, healthcare, technology, and back office. Transportaon — Adjacent to I‐85 and I‐485, just 10 minutes from I‐77, 15 minutes from uptown Charloe, and 20 minutes from the Charloe Douglas Internaonal Airport, University City is an ideal locaon for business. University City has one of the lowest commute/travel me averages in the region. Over the next eight to ten years, the city, county, state, and federal governments are invesng more than $2.4 billion in infrastructure in the University City area in roads, highways, light rail, and greenways. Light Rail — The countdown to opening of the Lynx Blue Line Extension is on! Daily tesng is underway, and the McCullough staon will open March, 16, 2018. It can be seen at 0:55 in this virtual ride‐along video. hps://www.youtube.com/watch?v=w5YiIuzFyRg 8 University Area Major Employers 9 Commercial Real Estate in University City Office Space University City’s business centers offer direct access to UNC Charloe, remarkable office environments with superior ulity and fiber infrastructure, and robust road, highway, and transit connecvity. With 11 million square feet of office space, University City has evolved to showcase concentraons of businesses in energy, healthcare, technology, and back office. It is home to several of the region’s largest employers including Wells Fargo, TIAA‐CREF, Duke Energy, Allstate, AON Hewi, UNC Charloe, and Atrium Health (formerly Carolinas HealthCare System) University Hospital. Over 20 Fortune 500 companies have recognized regional offices in the University City area. Business is booming in University City as industry stalwarts have remained and new companies have arrived. 2nd 75,000 11 Largest Employment Total Employees Million SF of Office Space Center in Charloe 4.8 5.8 12.8% Million SF of LEED Million SF of Owner Office Vacancy Rate Office Space Tenanted Space 23 11 3 Fortune 500 Companies Internaonal Companies Headquarters Locaons 10 Commercial Real Estate in University City Retail Space From internaonal giants like IKEA to small, owner‐operated stores, University City is home to 430 retail locaons and more than 30 retail centers. University City’s retail environment caters to business and residenal needs—with great potenal for growth. The exisng residenal populaon of 171,000 (within a 50‐square‐mile area) is projected to grow as new housing is envisioned along the light rail corridor. University City’s 75,000 dayme workforce is also expected to grow with Charloe’s exploding populaon boom (71% growth by 2025). The busy area hotels record 825,000 hotel room nights each year. And the growing university has 32,000 students, faculty, and staff at its University City campus. 130 430 17 Restaurants Retail Locaons Hotels 30 1st 2,100 Shopping Desnaons in NC Tourism – Concord Mills Hotel Rooms 11 Commercial Real Estate in University City Medical Office Space University City’s built environment and density of exisng medical business make this market ideal for industry growth. University City is centrally located within the region, is easily accessible by road, highway and transit, and offers ideal, highly visible office space locaons. Atrium Health (former Carolinas HealthCare System) University Hospital has anchored the healthcare market in University City for decades. CHS recently added a Radiaon Therapy Center ($10 million expansion), one of 13 in the region. Most of the medical office space is within two miles of the Atrium University Hospital and includes medical office buildings, physician group pracce clinics, rehabilitaon facilies, therapy centers, laboratories, biotech research facilies, and urgent/emergency care centers. 150 1.3 300,000 SF Full Service Atrium/ Medical Service Businesses Million SF Medical Office Space CHS Hospital 11,000 30,000 171,000 SF Atrium/CHS Radiaon SF OrthoCarolina Surgery Center University City Residents Therapy Center 12 77 GETTING AROUND MALLARD CREEK PARK University City connects to the world 85 MALLARD CREEK & CLARK’S CREEK University City is one of the most easily traversed areas of Charlotte and the LYNX Blue Line GREENWAYS now allows you to navigate within University City and beyond, 107 times a day. Bike paths UNC will connect the northern edge of University City 26-miles south to Pineville by 2022. JW CHARLOTTE CLAY MAIN No matter how you get here, come discover Charlotte’s next walkable, transit oriented community.485 BLVD 77 MCCULLOUGH FAST FACTS UNIVERSITY UNIV CITY BLVD CITY 2,264 22.9M $170M 107 Free public parking spaces adjacent In bicycle & pedestrian connectivity In new transportation Light rail trains per day connecting TOM HUNTER to the LYNX Blue Line improvements planned or under infrastructure to the CBD Extension (JW Clay Station & construction REEDY University City Station) CREEK 85 OLD CONCORD RD PARK 165 8 3 19 Non-stop destinations from Minutes to Concord Major interstates: I-77, I-85 Minute average commute time SUGAR CREEK NODA 36TH ST CLT, a 20-minute drive from University Regional Airport & I-485 City. 25TH ST PARKWOOD UPTOWN 9TH ST 485 7TH ST SOUTH END 3RD ST / CONVENTION CENTER STONEWALL CARSON BLAND 22 17,000 $1.1B $2.1B 5,000 10485 EAST/WEST BLVD Minutes to CBD from Square feet of retail LYNX Blue Line In private investment Multifamily units Minute headways University City via LYNX space at transit Extension LYNX Blue Line’s constructed on for LYNX Blue Line EAST/WEST BLVD Blue Line stations south corridor LYNX Blue Line’s Extension during peak south corridor travel times SCALEYBARK WOODLAWN TYVOLA ARCHDALE 77 ARROWOOD SHARON RD WEST I-485/SOUTH BLVD 13 485 LIVE Where smart people live University City offers easy living and extensive housing choices ranging from apartments and condos near transit to custom homes overlooking forests and greenway trails. Get out and about to the city’s most popular grocers and retailers, a broad selection of international cuisine options, and an abundance of medical services, college sports, concerts, and performing arts. Regardless where you live in University City, expect more home, convenience and access for less. FAST FACTS 2,178 $250M 29.5 171,000 Multi-family units delivered In residential development Average median age Area population or in the pipeline 6th 52% 45,000 6th Most moved-to neighborhood Household income Homes Largest “City” in North Carolina nationally over $75,000 227,600 28269 Top 5 49% 1,368 Households are within More Uptown employees In 2016, Charlotte Magazine Increase in property values Residential units a 15 minute drive of live in 28269 than in any listed University City’s 28269 in 28269 since Spring 2012 in the pipeline University City other zip code as one of 5 top zip codes for investors Education UNC CHARLOTTE 28,700 87 34.4% 61% Students Bachelors, Enrollment of total growth 70 Masters, increase in the UNC 20 Doctoral in 10 years system since Candidates 2009 GRADES K -12 12 2 6 2 Public K- 12 Private K-12 Charter / Magnet Early college schools schools schools schools 14 Traffic Counts 15 Traffic Count Map - Close Up University Executive Park Prepared by Esri 8515 University Executive Park Dr, Charlotte, North Carolina, 28262 Latitude: 35.30477 Rings: 1, 3, 5 mile radii Longitude: -80.75401 Source: ©2017 Kalibrate Technologies February 09, 2018 ©2018 Esri 16 Page 1 of 1 Construcon along the Blue Line extension in the University City area is nearing compleon and