NOW OPEN! MARKET DOMINANT LOCATION Major Renovation Completed 2016 Shares 2 Signalized Access Points with Northwoods Mall Fitness COMING SOON! FOR LEASING INFORMATION CONTACT: Stephanie Lipp Leasing Representative P: 704-625-7626 C: 404-780-0656 slipp@hawthorneretailpartners.com THE PROMENADE AT NORTHWOODS A 274,200 SF REGIONAL SHOPPING CENTER NORTH CHARLESTON, SOUTH CAROLINA
TABLE OF CONTENTS THE PROMENADE AT NORTHWOODS OVERVIEW The Promenade at Northwoods is a 274,200 SF regional shopping center located in North Charleston, South Carolina. Built in 1987 and renovated in 2013, the shopping center is located across the street from (and shares two stoplights with) Northwoods Mall, the leading mall of the greater Charleston MSA. The Promenade at Northwoods is surrounded by major retail, employment centers, education, residential communities, and excellent road networks/connectivity within the Rivers Avenue retail node of North Charleston.
PROPERTY PHOTOS
CHARLESTON RETAIL MARKET AZALEA SQUARE SUMMERVILLE 78 52 26 52 526 78 26 17 17 WEST ASHLEY CITADEL MALL CHARLESTON MT. PLEASANT MT. PLEASANT TOWN CENTER
MARKET OVERVIEW SURROUNDING RETAIL Property Name Size Major Retail Tenants Northwoods Mall 870,000 Belk, Dillards, JC Penney, Sears Northwoods Market Place 271,907 Best Buy, Michaels, Old Navy, Rooms to Go, Big Lots North Pointe Plaza 373,996 Walmart, Petco, Rooms to Go Kids, AC Moore North Rivers Town Center 141,463 Target, Ross, Bed Bath & Beyond MAJOR ROAD NETWORKS Rivers Avenue Interstate 26 The property is located along the highly trafficked Rivers Avenue (43,000 VPD) and shares two signalized intersections with Northwoods Mall. The property runs parallel to I-26, a major East/West Interstate serving the state of South Carolina.Connections to Rivers Avenue from I-26 (Eastbound & Westbound) are located contiguous to the property. MAJOR EMPLOYMENT / EDUCATION Employer Product / Service No. of Employees / Students Joint Base Charleston Area U.S. Military Commands 22,000 (+12,000 auxiliary jobs) Boeing South Carolina Aircraft Manufacturing 8,200 Trident Health System Hospital System 2,500 Charleston Airport Airport 1,200 Mercedes-Benz Van 1 Automobile Manufacturing 1,300 Volvo 1 Automobile Manufacturing 2,000 Trident Technical College Education Center 12,000 Charleston Southern University Education Center 3,300 1 Recently announced plans for manufacturing facilities employing 1,300 (Mercedes-Benz) and 2,000 (Volvo). DEMOGRAPHICS 3 Mile 5 Mile 10 Mile Population 2018 Projection 62,432 143,688 367,097 2013 Estimate 57,297 133,922 338,180 Growth 2013 2018 8.96% 7.29% 8.55% Daytime Pop (2013 est.) 26,427 63,297 137,033 Avg HH Income (2013 est.) $55,617 $57,140 $61,492
RETAIL COMPETITION MAP NORTHWOODS MARKETPLACE NORTH POINT PLAZA NORTH RIVERS TOWN CENTER Naval Weapons Station 11,500 Employees Trident Technical College 12,000 Students 52 78 Charleston Southern University 3,300 Students Trident Medical Center 2,500 Employees NORTHWOODS MALL 26 3 MI L E R A D IU S 3 MI L E R A D IU S 526 Air Force / Navy Base 22,000 Employees 8,200 Employees Charleston Int l Airport 1,200 Employees Mercedes Benz 1,300 Employees
ASHLEY PHOSPHATE ROAD RESIDENTIAL Sedgefield Middle School Naval Weapons Station / Strategic Weapons Facility 11,500 Employees Goose Creek High School NORTH POINT INDUSTRIAL PARK Crowfield Plantation $150K-$900K Approx. 3 1/2 mi. from The Promenade at Northwoods Kennsington, St James Estates, Carlton Place $100K-$250K Laurel Hill $150K-$275K Tanner Plantation $150K-$550K Goose Creek Primary School Goose Creek Reservoir 52 Pineview Acres $100K-$200K Eagle Landing, Otranto, Indigo Island Reserve $150K-$375k NORTHWOODS MARKETPLACE NORTH POINT PLAZA Hanahan Elementary School RIVERS AVENUE (43,000 VPD) NORTH RIVERS TOWN CENTER Trident Technical College 12,000 Students 78 Park Hill Place, Northwood Estates, Northwoods Pointe, Oak Bluff $100K-$200K NORTHWOODS MALL Charleston Southern University 3,300 Students Trident Medical Center 2,500 Employees 26 8,200 Employees Air Force / Navy Base 22,000 Employees Charleston Int l Airport 1,200 Employees
ZOOMED-IN AERIAL EY SHL 26 D ROA E T PHA S PHO A FRO M 6 I-2 PYLON RIVE RS A VENU E (4 3,00 0 VPD) PYLON PYLON MARKET DOMINANT LOCATION Directly across the street from the Highest Grossing Mall in Region Shares Two (2) stoplights with Mall Three (3) Points of Ingress/Egress Three (3) Pylon Signs
SITE PLAN This site plan is presented soley for the pupose of identifying the approximate location and size of the building and intended as a reference only. Leasing Contact: Stephanie Lipp P: 704-625-7626 slipp@hawthorneretailpartners.com C: 404-780-0656
North Charleston, the 3rd largest city in South Carolina, is highly accessible and centralized among the region. This City, also known as the Hub of the Lowcountry, continues to grow at an extraordinary rate. It is important to note that North Charleston has led the State in retail sales for 21 consecutive years. The City of North Charleston continues to drive the State s economy as the epicenter of business development, offering a business friendly community, rich with incentives to allow companies to compete on a global scale. Its young, highly skilled workforce attracts diverse industries, such as aerospace, automotive, aviation, bioscience, defense, renewable energy, financial services, and information technology. The Charleston lifestyle has been discovered, with a steady stream of newcomers boosting the region s population to more than 725,000. Charleston now teems with college-educated young people, 20- and 30-somethings who have come for the jobs and stayed for the lifestyle as reported by USA Today. Many of these new residents are highly educated and seeking employment. Many others bring with them thriving businesses of their own. All add to the unique flavor and energy of this historic coastal city. In 2009, Boeing needed to establish a second final assembly line for its 787 Dreamliner as orders for the plane increased. The company needed a place with top-notch infrastructure, a business-friendly climate and a skilled workforce. With those things in mind, Boeing chose South Carolina for the project in November of that year. In making the announcement, Boeing committed to invest hundreds of millions of dollars and create upwards of 4,000 new jobs at the facility. In addition to aviation, Charleston is becoming a prime location for information technology jobs and corporations and has experienced South Carolina state flag the highest growth in this sector between 2011 and 2012 due in large part to the Charleston Digital Corridor. In 2013, the Milken Institute ranked the region the ninth best performing economy in the US due in large part to the growing IT sector. Notable companies include Blackbaud, SPARC, BoomTown,CSS and Benefitfocus. In 2013, Conde Nast Traveler wrote of the city, Is it the cobblestone streets? The colorful, historic row homes? The fantastic food? Whatever it is, Charleston s got everyone thoroughly charmed once again. For the third consecutive year, Charleston s been voted the No. 1 city in the United States in our Readers Choice Awards (in which nearly 80,000 of you voted). It doesn t end there: Charleston also clocks in at No. 5 on our list of Best Cities in the World (last year it topped the list at No. 1). Higher education is also an important sector in the local economy, with institutions such as the Medical University of South Carolina, College of Charleston, The Citadel, The Military College of South Carolina, and Charleston School of Law. Charleston is also an important art destination, named a top 25 arts destination by AmericanStyle magazine. North Charleston is in close proximity to major roadways, including I-26, I-526, and I-95, rail lines transporting both freight and passengers, and an international airport. The Port of Charleston, owned and operated by the South Carolina Ports Authority, is one of the largest ports in the U.S. Despite occasional labor disputes, the port is ranked number one in customer satisfaction across North America by supply chain executives.