Investment Offering

Union Town Centre

5850 Highway 74 West | Indian Trail, NC 28079

Market To Establish

Price

102,360 +/- grocery-anchored center | extremely high-growth market | charlotte, nc msa sf

± SF Offering GLA

15.03

± AC Land Area

Investment Highlights

SRS Real Estate Partners, as exclusive broker, is pleased to offer Union Town Centre - a 102,360 +/- square foot neighborhood center anchored by Food Lion and Dollar Tree - located in Indian Trail, North Carolina. The Property benefits from very good physical shopping center fundamentals which include a traditional ‘L-shaped’ strip center layout, excellent visibility and prominent signage along US-74, three (3) different access points, a signalized intersection at its western corner, and high quality design and structure management. In addition to the traditional lease-up opportunity of 2,000 +/- SF that is currently available, Union Town Centre provides investors with the potential to further develop the Center via two pad sites which measure 0.52 +/- AC and 0.34 +/- AC, respectively. Given the strong leasing momentum currently at the Property, the pad sites provide an excellent opportunity to add immediate value to the asset.

Anchored by national grocer, Food Lion, with a long-term lease through 2025 and upward trending sales numbers
Food Lion recently completed an interior and exterior renovation to the store as part of its Carolinas portfolio store enhancements
Food Lion sales have increased by an average of 6.7% annually over the last three years with a phenomenal 10.6% increase from 2015 to 2016, amounting to a $1,000,000 + jump in sales in 2016
Synergistic anchor combination of Food Lion and Dollar Tree provides a 54.5% national anchor base with national and regional tenants comprising 68.5% of the total GLA
Advantageously located within the Charlotte, NC MSA just 15 miles southeast of Downtown and five miles from Interstate 485
Recent leasing momentum includes a new 5-year lease for 4,500 +/
SF, a new 5-year lease to a national tenant for 6,500 +/
SF, a 1,500 +/
SF expansion to an existing tenant’s space, and a pending lease for 2,000 +/ SF
Strategically situated fronting US-74, between Matthews NC and Monroe, NC, accessing an excellent traffic count of 43,000 vehicles per day
Opportunity to add value through the development of two additional pad sites
Major growth market characterized by a 7.2% annual growth factor from 2000 to 2010 in a 3-mile radius with a projected annual growth rate of nearly 2% through 2020
Very solid demographics include an average household income of $88,300 and 87,800 people within a 5-mile radius

Location

Union Town Centre is located in Indian Trail, North Carolina – five miles southeast of Interstate 485. Positioned just 15 miles from Downtown Charlotte in Union County, the Property is easily accessible via both I-485 and US-74. Situated between Matthews and Monroe, North Carolina, Indian Trail is a part of the Charlotte-Concord-Gastonia metropolitan statistical area. With a population exceeding 2.5 million, the Charlotte- Concord-Gastonia MSA is the 22nd largest metro area in the U.S., and Mecklenburg County is home to more than 1,000,000 people - making it the most densely populated county in North Carolina. A city that has rapidly expanded and developed in conjunction with Interstate 485, Indian Trail continues to be a major part of Charlotte’s growth as it cements its role as one of the most highly-rated cities for business and quality of life in the Southeast. Providing small-town charm with easy access to the big-city amenities of Charlotte, Indian Trail has been named one of the “Top Ten Places in America in which to Raise a Family” by Family Circle Magazine. Indian Trail is one of the fastest-growing parts of the rapidly expanding Charlotte MSA. In 2009, the city ranked fifth on a list of the Top 10 fastest-growing cities in the nation, having seen its population increase 95% from 2000 to 2008.

Demographics	1 Mile	3 Miles	5 Miles
Est. Current Pop	5,055	37,748	87,798
Households	1,766	12,709	30,000
Income	$66,936	$78,586	$88,297

Traffic Counts
US-74	43,000 VPD

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Investment Offering

Union Town Centre

Investment Highlights

Location

Demographics

Traffic Counts

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