smithfield, north carolina - simon property group · master plan north nike factory store gap...
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PROPERTY OVERVIEW
CAROLINA PREMIUM OUTLETS®
SMITHFIELD, NC
MAJOR METROPOLITAN AREA
Raleigh/Durham: 30 miles
RETAIL
GLA (sq. ft.) 439,000; 80 stores
OPENING DATES
Opened 1988 Expanded 1995, 1996, 1999
PARKING RATIO
4:1
RADIUS POPULATION
15 miles: 157,387 30 miles: 1,001,518 45 miles: 2,076,852
AVERAGE HH INCOME
30 miles: $66,718
SELECT TENANTS
adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana Republic Factory Store, Brooks Brothers Factory Store, Carolina Pottery, Christopher & Banks, Coach, Eddie Bauer Outlet, Gap Factory, Gymboree Outlet, J.Crew Factory, LOFT Outlet, Nike Factory Store, Polo Ralph Lauren Factory Store, Reebok Outlet, Skechers, Talbots Outlet, Timberland Outlet, Tommy Hilfiger, Under Armour
TOURISM / TRAFFIC
Carolina Premium Outlets serves shoppers primarily from eastern/central North Carolina, including the city of Raleigh and the surrounding 20 counties. It is located on I-95 South, the primary north-south artery on the east coast, with more than 55,000 vehicles passing by the center daily. More than 2 million residents live within a 45-mile radius which includes the cities of Raleigh/Durham, Chapel Hill, and Fayetteville/Ft. Bragg. These areas contribute 65% of the center traffic. 35% of customers are from out of market, traveling through on I-95 and I-40. The Smithfield area has seen significant growth in the last five years with the addition of several hotel chains and national restaurant chains just one half mile south of the center. Carolina Premium Outlets is the only outlet center in northeastern North Carolina with the nearest competitor 80 miles to the northwest.
LOCATION / DIRECTIONS
I-95, Exit 95 or Exit 97, 35 miles southeast of Raleigh, North Carolina.
— From Raleigh: A. I-40E to Exit 301 and bear right (Benson/Wilmington) to Exit 309 (Smithfield/Goldsboro) US 70E to Exit 334 for approximately three miles and turn right on Outlet Center Drive at KFC; center is located one mile ahead on right; B. I-40E to I-95N to Exit 95, left over bridge, bear right onto Outlet Center Drive
— From Fayetteville: I-95N to Exit 95, left over bridge, bear right onto Outlet Center Drive
— From Rocky Mount: I-95S to Exit 95, bear right onto Outlet Center Drive
Smithfield
Benson
BUS
Outlet Center Drive
CAROLINA PREMIUM OUTLETSSMITHFIELD, NC
Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).
MASTER PLAN
NORTH
NIKE FACTORY STORE
GAP FACTORY
REEBOK
CAROLINA POTTERY
ADIDAS
EDDIE BAUEROUTLET
TOMMYHILFIGER
POLO RALPH LAURENFACTORY STORE
I-95
OUTLET CENTER DR.
E. PEEDIN RD.VE
NTU
RE D
R.
SURROUNDING AREA CENTERS
Simon Centers Competition
Erwin Goldsboro
Faison
Benson
Broadway
Morrisville
Mount Olive
Durham
Clayton
Magnolia
Kenly
Warsaw
Falcon
Tarboro
Knightdale
Sims
Sharpsburg
Grifton
Lillington
Kittrell
Wilson's Mills
Trenton
Falkland
Angier
Has
Speed
Centerville
Hookerton
Wake Forest
Seven Springs
Eureka
Conetoe
Simp
Turkey
Whitakers
Raleigh
Walstonburg
Pink Hill
Oak Cit
Godwin
Maccles�eld
Autryville
Linden
Bunn
Stantonsburg
Parkton
Cove City
SaratogaLucama
Leggett
Bailey
Castalia
Pikeville
Elm City
Rougemont
Dover
Salemburg
Fountain
Calypso
Pinetops
Hobgood
Bethel
PrincetonMaury
Middlesex
Momeyer
Roseboro
Scotland Neck
Parmele
En�eld
undarrach
Cary
Fremont
Snow Hill
Jackson Heights
Beulaville
Coats
Stem
Richlands
Princeville
Chapel Hill
Franklinton
Pine Level
Four Oaks
Fearrington Village
�and
Bell Arthur
Wade
Walnut Creek
Kenansville
Brogden
Louisburg
Gorman
Newton Grove
Bonnetsville
Farmville
Ayden
Vander
Rolesville
Nashville
Hollister
sboro
Zebulon
Mar-Mac
S
Vann Crossroads
Winterville
Creedmoor
Selma
Moncure
Rock�sh
Wendell
Potters Hill
Mamers
Carrboro
Dunn
Hope Mills
Bunnlevel
Dortches
Spivey's Corner
Archer Lodge
KeenerEastover
Smith�eld
Fuquay-Varina
Rocky Mount
Butner
Garner
Holly Springs
Apex
Plain View
Kinston
Red Oak
Spring Lake
nford
Wilson
Greenville
Fayetteville
2
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15
9
1
1113
5
3
12
104
7
15
2
14
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6
264
70
95
70
40
540
85
40
95
64
401
1
401
421
13
301
117
258
258
1
64
501
15 MILES
30 MILES
45 MILES
1 Carolina Premium Outlets®
2 Berkeley Mall 3 Cameron Village 4 Cary Towne Center 5 Crabtree Valley Mall 6 Cross Creek Mall 7 Golden East Crossing 8 Greenville Mall 9 Northgate Mall 10 Park West Village 11 The Streets at Southpoint 12 Triangle Town Center 13 University Mall 14 Vernon Park Mall 15 Wilson Mall
OTHER RETAIL
SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME
Crabtree Valley Mall Raleigh, NC 1,330,000 sf Belk, Macy’s, Sears 37 miles / 35 minutes
Triangle Town Center Raleigh, NC 1,200,000 sf Belk, Dillard’s, Macy’s, Saks Fifth Avenue,
Sears 37 miles / 35 minutes
Cary Towne Center Cary, NC 1,108,000 sf Belk, Dillard’s, JCPenney 37 miles / 50 minutes
The Streets at SouthpointDurham, NC 1,300,000 sf Belk, Macy’s, JCPenney, Nordstrom,
Sears 52 miles / 1 hour 5 minutes
OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME
Tanger Outlet Center Mebane, NC 319,000 sf 80 miles / 1 hour 23 minutes
Burlington Outlet Village Burlington, NC 300,000 sf 87 miles / 1 hour 30 minutes
Tanger Outlet Center Nags Head, NC 82,000 sf 205 miles / 4 hours