PROMENADEat CAROLINA PAVILION
New South Properties of the Carolinas is pleased to offer
exclusively
for sale 100% fee simple interest in the Promenade at Carolina
Pavilion
(“Promenade”). Occupying the highest identity location in one of
Charlotte’s
premier Regional Power Center, the Carolina Pavilion, Promenade
offers
very stable tenancy, and leasing upside.
What makes Promenade at Carolina Pavilion a “Must Own” Retail
Property:
» Regional Destination | Critical mass of core complimentary
retail in surrounding Carolina Pavilion
» Rare opportunity | Fee Interest in a Regional Power Center
» Convenient Access | Outstanding Ingress and Egress via
signalized intersection
» Below Market | One year lease on last vacancy offers value
upside through leasing vacancy at market rents
Asking Price: $5,975,000
Address:9813 South BoulevardCharlotte, NC 28273
Anchors Tenant:5.11 Tactical 6,214 SF (41.9%)Verizon Wireless
5,094 SF (34.3%)
Tenants: Milan Spa & Nails 1,767 SF (11.9%)
Shadow Anchor:Carolina Pavillon Anchors - Target,AMC Theater,
Bed Bath & Beyond,Ross, Nordstrom Rack, Etc.
Economic Occupancy: 100%
Value Add: Leasing Vacant 1,767 SF
Year Built: 2006
Building Size: 14,842 SF
Land Size: 1.58 Acres
5.11 TACTICAL
DEMOGRAPHICS
Stephen Slattery: Retail Investment Sales +1 704 927 2883
[email protected]
Promenade at Carolina Pavilion
POPULATION 1 Mile: 6,941 3 Mile: 66,359 5 Mile: 182,967
AVG H.H. INCOME 1 Mile: $85,033 3 Mile: $80,974 5 Mile:
$100,408
AVG. FAMILY INCOME 1 Mile: $117,876 3 Mile: $101,955 5 Mile:
$126,341
Cellco Partnership,dba Verizon Wireless CorporateFounded in 1983
as Bell Atlantic, the company which became Verizon Communication
Inc. in 2000 is based in NY, NY. A $205 Billion Market Cap company
today, VZ is the wireless industry leader and a preferred CRE net
leased investment.
5.11 TacticalOriginally started to deliver training gear for the
FBI Training Academy in 1992, 5.11 Tactical committed itself to
public safety and the first responder community. In 2003, 5.11
started developing a more extensive line for law enforcement. In
2012, 5.11 began designing a women’s line which now includes
uniforms, covert clothing, fitness apparel and more. Today, 5.11
has expanded to the outdoor and fitness market and been gradually
adding key retail store locations such as this one.
Milan Nails & SpaSince 3/1/2013, Milan Nails & Spa has
been a solid tenant at PCP. The owner, who personally guarantees
this lease, has at the time of the lease execution multiple
locations and a solid credit reference in the marketplace.
Sout
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MASTER LEASE