Charlotte, North Carolina MALLARD POINTE Shopping Center Highway 29 & J.W. Clay Boulevard Charlotte, North Carolina, 12,000 * sf and 80,684 * sf *can subdivide FOR LEASE 831 E. Morehead Street, Suite 245, Charlotte, NC 28202
project description Shopping Center is located in University City in Charlotte, North Carolina. The center fronts US Highway 29, directly across from University of North Carolina at Charlotte, the expanding Charlotte Research Institute, and the UNC Charlotte 49ers football stadium. Anchored by Food Lion Grocery Store and Citi Trends, Mallard Pointe is a 168,015 square foot regional shopping center with specialty retail shops & restaurants that include Starbucks, Chipotle, Jersey Mikes and Brueggers. serves the affluent and rapidly growing University City market as well as the over 65,000 daytime population employed in University City. is served by major transportation thoroughfares including US Highway 29, W.T. Harris Boulevard, and Interstates 85 and 485, and the future LYNX Blue Line extension (opening 2018). PAGE 2
area map Conveniently located on US Highway 29 in northeast Charlotte s University City Area, is located in University Place, a 350 acre mixed-use development including over 950,000 square feet of retail, 1,500 residential units, as well as office and hospitality facilities. Charlotte s LYNX Blue Line, a light-rail transit service, is scheduled to be extended to the University City area along US Highway 29 in early 2018. In connection with the extension project, a five-story parking deck is being built at the JW Clay Blvd station, less than 0.15 miles south of Mallard Pointe. PAGE 3
location & market dynamics MALLARD POINTE S.C. CHARLOTTE RESEARCH INSTITUTE UNC CHARLOTTE JW Clay Lightrail Station J.W. CLAY BLVD UNIVERSITY PLACE 29 CMC UNIVERSITY Shopping Center is part of University Place, a 350 acre mixed-use community. Bounded by US 29, W.T. Harris Blvd and I-85, University Place includes office, regional shopping and a major hotel. It serves as the center of University City. Major retailers, hospitality, health care, higher education and business/academic research are located in direct proximity to. The prime frontage on US 29 provides excellent visibility. UNC Charlotte with a student population in excess of 26,000, the Charlotte Research Institute and CMC University Hospital lie across US 29. In the first three months of 2013 the University Research Park business community announced the addition of an estimated two thousand jobs, $100 million in new investment with the acquisition or expansion of nine firms. The University Research Park, with over 30,000 employees, lies across I-85: major employers include Wells Fargo, AXA, IBM, TIAA-CREF, Electrolux, AREVA, Rack Room Shoes, Allstate, UNC Charlotte. A full-turn signalized intersection opposing the UNC- Charlotte entrance provides direct access into the center which provides easy access to and from US Highway 29. The signalized intersection lines up with the entrance of the Charlotte Research Institute. The Charlotte Area Transportation System (CATS) has approved a light rail transit line extending along US 29 past and into UNC Charlotte campus. The transit line is expected to begin operating in 2018. PAGE 4
leasing plan FABULOUS BEAUTY SUPPLY Food Lion available Casa Maselli VIP Dominican Salon INSONMIA COOKIES BINKI CAFE MADVAPES My Camille s JAMBA JUICE GAMES WORKSHOP WING STOP PAPA JOHNS SOUTH BEACH TANNING MALLARD POINTE SHOPPING CENTER TENANT LISTING Chipotle Mexican Grill Papa Johns SouthBeach Tanning Starbucks Coffee Wing Stop Bruegger s Bagels Jersey Mikes China Palace 2,405 sf 1,471 sf 1,778 sf 2,145 sf 1,200 sf 2,250 sf 1,875 sf 2,250 sf Games Workshop Jamba Juice Randstad My Camille s Nails of America MadVapes Binki Cafe Insomnia Cookies 1,200 sf 1,200 sf Sunny s Drycleaners 1,200 sf VIP Dominican Beauty Salon 1,200 sf Casa Maselli 1,200 sf 80,684* sf Fabulous Beauty Supply 3,900 sf Food Lion 33,000 sf 12,000* sf *can subdivide PAGE 5
site plan Casa Maselli VIP Dominican Salon INSONMIA COOKIES BINKI CAFE MADVAPES My Camille s JAMBA JUICE GAMES WORKSHOP WING STOP AVAILABILITY IN-LINE RETAIL SPACE Suite 7: 1,500 SF 20 x 75 PAGE 6
traffic analysis TRAFFIC COUNTS N. Tryon Street (0.05 miles NE of Site) 30,000 adt N. Tryon Street (0.16 miles SW of Site) 33,000 adt SOURCE: 2017 Kalibrate Technologies PAGE 7
demographic analysis STUDY AREA: Radii Data 1 Mile 2 Miles 3 Miles Population 2022 Forecast 9,904 32,469 84,532 Population 2017 Projection 9,189 29,297 76,258 Daytime (Business) Population 2017 7,477 25,688 33,898 Daytime (UNCC Student) Population 2015* +28,000 Median HH Income 2022 Forecast $56,025 $47,163 $56,576 Median HH Income 2017 Projection $48,559 $42,090 $51,365 POPULATION SOURCE: 2017 Infogroup, Inc. Prepared 10/17/2017 * Daytime Student Population data provided by University City Partners, 10/2017 PAGE 8