National Shadow Anchors
Walmart Supercenter, Lowe’s Home Improvement, McDonald’s, and Chick-fil-A (all of which are corporately owned sites), and Publix shadow anchor The Shops at Whitehall Commons. Additionally, Topgolf opened their first Charlotte location a mile away in 2017. Together, these anchors draw in considerable consumer traffic to the center.
Corporate Hub
Less than two miles from the property are the corporate offices and regional headquarters of several major corporations including Microsoft (1,000+ employees), Spectrum (2,109 employees), CPI Security (840 employees), Xerox (900 employees), and more.
Service-Oriented Tenant Lineup
With 15 of the 17 tenants being service-oriented, 94% of the asset’s GLA is e-commerce resistant. The restaurant focused tenant lineup services the large daytime population driven by the surrounding corporate offices.
Strong Demographics
Within a 5-mile radius, there is a population of 149,729 with an average household income of $82,452. This population is expected to grow by 16.65% in the next 5 years.
High Traffic Corridors
The asset is located at the highly-trafficked intersection of South Tryon St (36,000 VPD) and I-485 (112,000 VPD). S Tryon serves as a major north/south thoroughfare into the heart of uptown Charlotte and I-485 forms the perimeter the city.
Nationally Recognized Submarket
The Steele Creeke/Southwest Charlotte area is one of the most desirable commercial and residential submarkets in the state and nation. In 2017, area code 28273 was named Top 30 ‘Hottest Zip Codes’ in the U.S. by Realtor.com and the submarket serves as the second largest employment node in the state of North Carolina.
Comments:
Demographics | 1 mi. | 3 mi. | 5 mi. |
---|---|---|---|
POPULATION | 9,479 | 49,439 | 138,631 |
AVERAGE HH INCOME | $60,432 | $56,734 | $70,569 |
MEDIAN HH INCOME | $51,162 | $48,468 | $56,488 |
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This center is the dominant shopping center in the trade area.
20,000 VPD on Arrowood Rd.
36,000 VPD on S. Tryon St.
112,000 VPD on I-485