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EAST BOULEVARD & SCOTT AVENUE CHARLOTTE, NORTH CAROLINA
Ground Lease Opportunity
1312 East Boulevard
1318 East Boulevard
1324 East Boulevard
PROPERTY ADDRESS:
EXECUTIVE SUMMARY
Confidentiality Agreement 1Offering Summary 2
PROJECT OVERVIEW
Project Aerial 3Site Photos 5
CHARLOTTE MARKET OVERVIEW
Location 7Area Employers 8Demographics 9SouthEnd Amenity Map 10
Table of Contents
1
East Boulevard & Scott Avenue Properties:
1312 East Boulevard, Charlotte, NC 282031318 East Boulevard, Charlotte, NC 282031324 East Boulevard, Charlotte, NC 28203
THIS IS A CONFIDENTIALITY MEMORANDUM intended solely for your own limited use in considering whether to pursue negotiations to ground lease the property known as the East Boulevard and Scott Avenue properties (“Property”) located in Charlotte, North Carolina and is not intended to be an offer for the sale of the Property.
This confidentiality memorandum, which contains brief, selected information pertaining to the business and affairs of the Property, has been prepared by Lincoln Harris who is acting as the exclusive agent for the seller. This confidentiality memorandum does not purport to be all-inclusive or to contain all the information, which a prospective purchaser may desire. Neither Seller or Lincoln Harris nor any of their officers, employees or agents make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto.
By receipt of this confidential memorandum, you agree that the memorandum and its contents are confidential, that you will hold and treat it in the strictest of confidence, that you will not, directly or indirectly, disclose or permit anyone else to disclose this memorandum or its contents to any other person, firm or entity without prior written authorization of Seller and that you will not use or permit to be used this memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Photocopying or other duplication is strictly prohibited.
THE SELLER EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE.
THIS CONFIDENTIAL MEMORANDUM SHALL NOT BE DEEMED A REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THIS MEMORANDUM.
THIS PROPERTY IS BEING MARKETED AS AN “AS IS, WHERE IS” PROPERTY.
Confidentiality Agreement
1
An unprecedented opportunity to ground lease 1.015 acres of land, ripe for redevelopment in the heart of Dilworth
Parcels are located on one of the most prominent, high traffic intersections in the Dilworth neighborhood
Currently zoned NS - Neighborhood Services with the opportunity to develop up to 38,000 ± SF
Site is surrounded by a mix of commercial, retail and residential
Site has excellent visibility in both directions on East Boulevard
Atrium Health is located approximately 1/4 mile from site and is one of Charlotte’s largest employers
Located on East Boulevard in the close proximity of some of Charlotte’s finest fast-casual dining hot spots
Less than 1/4 mile to green spaces like Freedom Park and the Little Sugar Creek Greenway that runs from Uptown all the way to Woodlawn Road
Abundant walkable amenities. Only minutes to Uptown, SouthEnd, and SouthPark
Offering Summary
2
KENILWORTH AVE
SITE1.015 Acres
Condominiums
MEDICAL OFFICE
kenilworth commons
Harris teeter
Jersey Mikes
Duck Donuts
BriXX
STARBUCKS
PET SUPERMARKET
THE FRESH MARKET
Condominiums Condominiums
SCOTT AVE
EAST BLVD
SOUTH ENDMULTIFAMILY7,500+ ExISTINg2,000+ UNDEr cONSTrUcTIONOFFIcE6.2M+ ExISTINg750,000+ UNDEr cONSTrUcTION
MIDTOWNMULTIFAMILY2,200+ exIsTINg600+ UNDer cONsTrUcTIONOFFIce3.5M+ exIsTINg7,500+ UNDer cONsTrUcTION
Located between the main thoroughfares of Queens Road, Kings Drive and Park Road • Direct access to both Uptown and South Park
Nestled in the Midtown market between the City’s premier residential districts of Dilworth and Myers Park • 1.5 miles from the East/West Light Rail stop in burgeoning South End
Walkable amenities include East Boulevard restaurants, retail, and the 98 acre historic Freedom Park
PROJECT OVERVIEWProject Aerial
20,400 VPD
12,800 VPD
9,820 VPD
11,300 VPD
20,300 VPD
3
PROJECT OVERVIEW
KENILWORTH AVE
EAST BLVD
SOuTH BLVD
Less than 5 minutes to CBD
SCOTT AVE
SITE1.015 Acres
EAST MOREHEAD ST
DILWORTH
EASTOVERMyERS PARK
CBD
15 minutes to Charlotte Douglas International Airport 5-10 minutes to the Uptown Business District
30 minutes to the U.S. National Whitewater Center5 minutes to Charlotte’s vibrant South End
15 minutes to SouthPark20 minutes to Charlotte Premium Outlets
Project Aerial
4
Site Photos
View from East Blvd
PROJECT OVERVIEW
View from site to East BlvdView from Scott Ave
View Facing Scott Ave and East Blvd
3
5
Charlotte Market Overview
CENTRAL LOCATIONThe Charlotte Region is home to over 2.9 million people living in 16 counties in 2 different states: 12 counties in North Carolina and 4 in South Carolina. It i s strategically located in the center of the East Coast.
Charlotte is very well connected to the global economy. More than 2,250 foreign-owned companies employ more than 325,000 people in the two Carolinas and more than one-third of these are located in the Charlotte Region. The Charlotte region’s economy draws its strength from its remarkable diversity. Charlotte has emerged as the 3rd largest banking and financial center in the United States. Charlotte is also home to varied industries such as energy, retail and manufacturing.
The Charlotte region is also determined to preserve its exceptional quality of life. In the global economy, where anything can be made and sold anywhere on the globe, businesses will increasingly locate and expand their operations in places where their employees like to live and work. With its numerous theaters, professional sports teams and prime location 2 hours from the mountains and 3 hours from the beach, the Charlotte region is ranked as one of the Best Place to Live in the United States.
Location700
daily nonstop flights
6thbusiest airport in
the world
150+destinations
1000+ internationally
owned companies have a presence
23%workforce growth
since 2010
4major interstates
connect the region
44.2% of Mecklenburg
County residents have a bachelor’s degree or higher
3%state corporate
income tax
94.8%cost of living as a percentage of the national average
Source: Charlotte Chamber of Commerce
The Charlotte Metropolitan Statistical Area (MSA) continues to grow. The 10 county area experiences an overall growth rate of 11.6 percent between 2010 and 2016, adding more than 257,000 people over those six years for a total population of 2,474,314 residents.
Charlotte is the 22nd largest MSA in the United States. Among the largest 50 MSAs in the U.S., Charlotte’s 11.6 percent growth rate ranks seventh. Among all MSAs in the U.S., Charlotte’s growth over 2010 to 2016 ranks 34th in the nation.
MIGRATION
Source: Charlotte Chamber of Commerce 7
Source: Charlotte Chamber of Commerce
Area Employers MARKET SUMMARY
TOP 10 LARGEST EMPLOYERS IN CHARLOTTE REGION
Atrium Health 35,000Wells Fargo & Co. 24,102Walmart Stores, Inc. 16,100Bank of America Corp. 15,000American Airlines Group 11,500Delhaize America Inc./Food Lion 10,859Novant Health Inc. 9,679Lowe’s Cos. Inc. 8,500Duke Energy Corp. 8,847Harris Teeter 8,239
Business Name Employees
6 Fortune 500 headquarters - Bank of America, Lowe’s, Duke Energy, Nucor, Sonic Automotive, and Sealed Air
14 Fortune 1000 headquarters
More than 250 of the Fortune 500 companies
1018 internationally owned companies representing 45 countries and 66,000 em-ployees
The newest arrivals and expansions - Ernst & Young, Allstate, AXA Insurance, MetLife & Verizon
THE CHARLOTTE REGION IS HOME TO...
8
Source: ESRI
DEMOGRAPHIC PROFILE 3 mile radius
DemographicsMETRO RENTERS - LARGEST TAPESTRY SEGMENT
o Well-educated consumers, many currently enrolled in college. o Very interested in the fine arts and strive to be sophisticated; value education and creativity. o Willing to take risks and work long hours to get to the top of their profession. o Become well informed before purchasing the newest technology. o Prefer environmentally safe products.
o Socializing and social status very important.
KEY FACTS
106,631Total Population
$340,578Median Home Value
9,104Businesses
244,530Daytime Population
34.1Median Age
2.4%2010-17 Pop Growth Rate
$102,0012017 Average HH Income
2.0Avg Household Size
$48,811Per Capita Income
DEMOGRAPHICS
Population 12,314 106,631 249,052Households 6,060 49,318 107,733 Average HH Income $140,504 $102,001 $84,699Average Age 36.9 34.1 34.9
1 MILE 3 MILE 5 MILE
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SouthEndAmenity Map
MAP LEGENDLYNX Light Rail Station
Bicycle Station
Parking
Retail
Residential
Dining & Nightlife
Breweries
B
10
Marshall WilliamsonVice President704.714.7626
Jubal EarlySenior Vice President
This document is confidential. By accepting delivery of this document, each recipient undertakes not to reproduce or distribute this document in whole or in part, nor to disclose any of its contents (except to its affiliates and professional advisors or as required by law or legal process or requested by regulatory authorities), without the prior written consent of Lincoln Harris.