Northlake Mall Charlotte, North Carolina - Starwood Retail ...
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Northlake Mall Northlake Mall Charlotte, North Carolina
In the heart of an affluent residential district,
and home to some of the most in-demand MOORESVILLE, NC
retailers in the region, Northlake Mall has become DAVIDSON, NC
a haven of comfort and style in North Charlotte.
CONCORD, NC
Appealing to the well-to-do families who’ve GASTONIA, NC
chosen to live in the financial capital of the South,
CHARLOTTE, NC
Northlake Mall is the heart of one of the most
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dynamic communities in the country, with plans
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to expand along with the Charlotte market.
It’s our home, too.
Northlake Mall Charlotte, North Carolina
• North Charlotte’s premier dining, shopping and
lifestyle destination
• Powerful mix of national and regional department
stores (Belk, Dillard’s, Macy’s)
• In-demand specialty tenants, dining and
entertainment including upscale, loveseat-style
stadium seating at AMC Theater
• Newly completed play area for families
• Additional big box development planned
Property Description
major roads I-77 and I-485 center description Enclosed, two-level center
anchors Macy’s, Belk, Dillard’s, Dick’s Sporting Goods and AMC 14-screen theater
total sf 1,070,000
key tenants Michael Kors, Pottery Barn, J. Crew, Brooks Brothers, Guess,
# of stores 140 Banana Republic, Apple, Bebe, Loft, Brighton Collectibles, Fossil,
H&M, Soma Intimates, Swarovski, Forever 21, P.F. Chang’s, and
# of parking 5,800
Firebirds Wood Fired Grill
THE CENTER T H E M A R K ET STA R WO O D Northlake Mall
“The Charlotte area’s population is projected
to grow by 21% between 2010 and 2030.”
— University of North Carolina Population Center
THE CENTER T H E M A R K ET STA R WO O D Northlake Mall
• Best regional access in market off
Interstate 77
• Just off new Interstate 485 extension,
connecting center to Northeast and
Southeast Charlotte
• Additional residential construction nearby
• Trade area population of more than
1.1 million spanning six counties
Easy to Find
10 miles from downtown Charlotte Nearby affluent Lake Norman, fastest
growth rate in the market
Visible to over 80,000 vehicles traveling
on I-77
Exposure to more than 40,000 vehicles
daily on I-485
THE CENTER T H E M A R K ET STA R WO O D Northlake Mall
“Northlake’s variety of specialty shops (… the choices are legion), attractive design, and easy access make it a popular year-round destination” — USA Today 10 Best
• Solid economy dominated by financial services, healthcare, energy, technology and retail headquarters • Lucrative business relocation and expansion incentives • No. 9 on Forbes’ list of Fastest-Growing Cities in US (2015) Live, Work, Play Convenient to ongoing residential Within 5 miles – more than 50,000 and commercial development daytime employees Within 5 miles – population has More than 1,000 upscale townhomes, doubled since 2000, to 135,900 lofts and apartments built within a half residents mile since 2012 Within 5 miles – 11% projected 110,000+ college students within 10 miles population growth by 2021, triple US average THE CENTER THE MARKET STA R WO O D Northlake Mall
• Strong family market with 36% of households having
Trade Area
children at home Average Household
Expenditures on Par
With US
• Nearby affluent trade areas include Huntersville, $2,258 on food away
Mooresville, Davidson and Cornelius
from home
$642 on home
furnishings
• Nearly 30% of trade area households will earn $836 on sports and
recreation
$100,000+ by 2021 $1,797 on apparel
$904 on personal care
• Affordable housing, prominent health care system and products and services
impressive schools
THE CENTER THE MARKET STA R WO O D Northlake Mall
Distance to Competition
Birkdale Village
Driving – 8 mi, 12 min
Carolina Place Mall
Driving – 22 mi, 25 min
I-77
Charlotte Premium
80,000 AADT
Outlets
Driving – 18 mi, 21 min
Concord Mills
Birkdale Village
Statesville Road Driving – 11 mi, 14 min
14,000 AADT
South Park Mall
WWT Harris Blvd Driving – 18 mi, 26 min
40,000 AADT
Concord Mills
Northlake Mall
I-85
42,000 AADT
Legend
Trade Area
Competition
CHARLOTTE DOUGLAS CHARLOTTE
INT’L AIRPORT
Access Roads
I-77
88,000 AADT (AADT= annual average
Charlotte Premium Outlets daily traffic)
South Park Mall
3 MILES
Carolina Place Mall
THE CENTER THE MARKET STA R WO O D Northlake Mall
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Area Attractions
9,
33
I-77
Carowinds Amusement
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NASCAR Hall of Fame
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ay
76 Charlotte Motor Speedway
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26
5
45
Time Warner Cable Arena
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51
se s
e s (NBA Charlotte Hornets)
i.
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m
Bus
3
06
,3 90 Bank of America Stadium
4
,3
24
71 (NFL Carolina Panthers)
1,4
BB&T Field (Charlotte
Northlake Mall 36,779 135,924 Residential Population 509,668 Knights, Chicago White
$74 Sox Triple-A)
,95
6
I-485
$74
,98 Colleges
8
Ho
us eho UNC Charlotte
ld I
nco
me Central Piedmont
Carolina’s Healthcare
$77
,33 Community College
UNC Charlotte 8
I-77
Wells Fargo I-485 Davidson College
Combined enrollment 43,500
Legend
Demographics
Key Employers
Bank of America (HQ)
Duke Energy (HQ)
3 MILES
THE CENTER THE MARKET STA R WO O D Northlake MallDemographics Trade Area US Average
Population 2016 estimate 1,119,275 Charlotte ranks 5th in
2021 projection 1,207,319 population growth and 6th in
% growth 2016–2021 7.9% 3.7% fastest growing economies
Population White 57.4% 71%
By Race
of 260 large cities
Black 29.2% 13%
— WalletHub.com, 2015
Asian 3.9% 5%
Hispanic Ethnicity 11.7% 18%
Charlotte is a top moving
Median Age 36 38
destination
% age 15-24 14% 14%
— United Van Lines, 2015
% age 25 to 44 29% 26%
% age 45 to 64 25% 26%
Top 10 Best Cities for Home
Households 2016 estimate 429,985
Buyers
2021 projection 463,707
— Movoto, 2015
2016 households with kids under 18 36% 34%
Average 2016 estimate $77,230 $77,135
Household Best Places for Business and
% earning $75,000+ 35% 36%
Income
Careers
2021 projection $84,138 $83,619
— Forbes, 2015
Education % college educated 64% 59%
1-MILE 3-MILE 5-MILE 10-MILE
Fastest Growing Food and
Business & business establishments 567 1,471 4,390 26,576
Employment
Drink Cities
daytime employment 9,932 24,306 51,645 339,920
— EventBrite, 2015
THE CENTER THE MARKET STA R WO O D Northlake MallPredominant Market Lifestyle Segments
Accumulated Wealth—17% Young Accumulators—12%
• Families & couples age 50+ • Married with large families
• Upscale, college-educated • Age 35 to 50
baby boomers • Mix of upscale professional
• Sprawling suburban homes and managerial jobs
• Disposable cash and • Fashioned comfortable,
sophisticated tastes upper-middle class lifestyles
• Enjoy top-of-the-line • Favor outdoor activities,
electronics, sporting team sports and kid-friendly
equipment, cars and technology
vacations
Mainstream Families—12% Cautious Traditionalists—11%
• Family mix with adults age 35 • Over 55 year-old mix of
to 50 singles and couples
• Middle-class • High rate of home ownership
• Modestly priced homes • Fans of reading, home-based
• Maintain lifestyles befitting hobbies and travel
large families • Enjoy eating out at family
• Rank high in outdoor activities restaurants
and sports • Pursue entertainment outside
the home
THE CENTER THE MARKET STA R WO O D Northlake MallStarwood Retail Partners: A New Kind Of Owner For A New
Generation Of Retail
Starwood Retail Partners is not your father’s — or your grandfather’s —
landlord. We’re acquiring, redeveloping, managing, leasing and
operating the next generation of shopping centers for a new
generation of shoppers: active, exciting community cores for an
increasingly interconnected consumer.
Owned by Starwood Capital Group, we’ve grown our portfolio to 30
centers in 16 states across the United States since our founding in 2012,
working with top-tier investment firms to help finance our properties,
and employing the talents and skills of the most creative professionals
in the business to maximize their value.
We build solid relationships and partner with our retailers to ensure
that they are in the right property at the right time, with the right deal
to support their success now and in the future. We invest in innovative
technologies that help our properties become more productive, our
stores more exciting and our shoppers more engaged.
We understand that ultimately, as an owner, as an employer and as a
citizen of our communities, it’s not about property, it’s about people.
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Indiana Great Northern Mall syaeger@starwoodretail.com
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Belmar Bryant Siragusa / National Director, Restaurants & Entertainment /
Kentucky Texas
Connecticut Hamburg Pavilion The Shops at Willow Bend 214.771.2003 / bsiragusa@starwoodretail.com
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The Mall at Wellington Green The Mall at Partridge Creek Stony Point Fashion Park bcikalo@starwoodretail.com
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The Collection at Forsyth Kitsap Mall mpowers@starwoodretail.com
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Ed Coury / Senior Vice President, Leasing / 312.242.3217 /
ecoury@starwoodretail.com
Sources: The Nielsen Company; State Department of Transportation; State and Local Economic Development Resources
11/14/16 Starwood Retail Partners
1 East Wacker Drive Suite 3600 Chicago, IL 60601
www.starwoodretail.com
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