towne center - loopnet · condos, townhomes, and single family residences. neighborhood prices...

E X E C U T I V E S U M M A R Y

R E G E N TTOWNE CENT E RFORT MILL | SOUTH CAROLINA

52,911 SF FOOD LION ANCHORED SHOPPING CENTER

2 | EXECUTIVE SUMMARY REGENT TOWNE CENTER

485

485

485

485

485

8585

77

77

321

321

521

74

601

601

601

75

207

200

200

200

205

218

27

200

49

73

73

3

16

73

27

279

274

55

55

49

161

161

322

101

324

5

Locust

StanfieldMidland

Mint Hill

UnionvilleIndian Trail

Weddington

Monroe Wingate

Matthews

Belmont

Lowell

Stanley

Lincolnton

Denver

Davidson

Landis

Kannapolis

Rockwell

Mt Pleasant

Dallas

Bessemer CityMt Holly

Lowesville

Pineville

Newport

Tega Cay

Fort Mill

McConnells

Indian Land

Waxhaw

Van Wyck

Lesslie

Jaars

Roughedge

York

Filbert

Clover

Bowling Green

Lake Wylie

Harrisburg

Concord

Gastonia

Rock Hill

C H A R L O T T E

Lake

Nom

an

REGENT TOWNE CENTER

DEMOGRAPHIC HIGHLIGHTS

CHARLOTTE HIGHLIGHTS

THE

OPPORTUNITYHolliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a South Carolina licensed real estate broker (“HFF”), has been retained as the exclusive sales representative for Regent Towne Center, a 52,911, 100% leased grocery-anchored shopping center anchored by a high performing Food Lion. The Property is located in rapidly growing Fort Mill, SC (Charlotte MSA), which has experienced population growth of over 38% (3-mile) since 2010. Regent Towne Center offers investors an asset with a long-term anchor lease, minimal deferred maintenance, and the ability to grow rents during their hold period.

ADDRESS 1046 Regent Parkway Fort Mill, SC 29715

YEAR BUILT 2007

OCCUPANCY 100%

GLA 52,911 SF

ANCHOR TENANTS Food Lion

SITE SIZE +/- 7.3 acres

PARKING 5.59/1,000 SF

TRAFFIC COUNTS 17,100 VPD on Highway 21

PROPERT Y SUMMARY

38%POPULATION GROWTH WITHIN A 3-MILE RADIUS SINCE 2010

29%AVERAGE HOUSEHOLD INCOME GROWTH WITHIN A 3-MILE RADIUS SINCE 2010

$96,362ESTIMATED AVERAGE HOUSEHOLD INCOME WITHIN 3 MILE RADIUS


HOME TO UNIVERSITY OF NORTH CAROLINA-CHARLOTTE

18.19% 77,349 • 4th largest university in North Carolina• 28,500+ undergrad and graduate students• Student enrollment has grown 28% over the

last eight years

NO. 1GROWTH IN NUMBER

OF BUSINESSES wallethub.com of 260 large cities

NO. 1FASTEST POPULATION INCREASE PROJECTION

United Nations

NO. 2BEST STATES FOR

BUSINESSES + CAREERSForbes of State

NO. 3REAL ESTATE

MARKET’S TO WATCHpwc and urban land institute of 75 cities

2010-2021 in the last 24 months

PRO

JECT

ED POPULATION GROWTH

NEW

JOBS ADDED


STRONG ANCHOR SALES GROWTH Food Lion sales were up 6.6% year over year in 2017, and with 9 years of remaining lease term, the tenant is positioned well to anchor the Property for the long term.

EXCELLENT FUNDAMENTALS Ideal Shop Space Ratio: The Property has a favorable amount of shop space with less than 15,000 SF

Access: Signalized main entrance on U.S. Highway 21 with immediate access to Interstates 77 and 485

Visibility/Traffic: All shop space sits parallel to the main access, providing excellent visibility for the over 17,000 vehicles per day that travel past the Property

INVESTMENT HIGHLIGHTS

12 3 4 5 6 7 8

REG

ENT

PKW

Y

21 17,100 VPD

Suite Tenant SF1 Food Lion 38,0032 Regal Cleaners 9763 Upscale Nail & Spa 1,3004 Palmetto Pharmacy 1,2725 Xplore Scuba 1,2576 Rainbow Cafe 3,2407 Fantastic Sam’s 1,7148 Brothers Auto Tech 5,149

Total 52,911

TENANT ROSTER

AvailableCurrent Tenant


ROBUST DEMOGRAPHIC ENCLAVE & STRONG ECONOMIC DRIVERS• Exceptional Employment Base & Attractive Quality of Life

• Outstanding Demographics (3-Mile): AHHI – $96,362; Population – 35,737

• Highly Educated Workforce Driven by Robust Banking and Financial Sectors

Population 1-Mile 3-Mile 5-Mile

2023 Projection 5,851 40,330 147,757

2018 Estimate 5,121 35,737 132,089

5-Year Projected Population Growth 14.3% 12.9% 11.9%

2018 Est. Average Household Income $91,131 $96,362 $90,752

21 17,100 VPD

REG

ENT

PKW

Y

R E G E N T T O W N E C E N T E R

CONVENIENT INGRESS AND EGRESSSituated between two signalized intersections, with over 650 feet of frontage along the well trafficked Highway 21 (17,100 VPD), Regent Towne Center enjoys the efficient ingress and egress necessary for a neighborhood grocery anchored shopping center. Additionally, the Property resides on the going home side of Regent Parkway, adding additional convenience to commuting shoppers living in on of Regent Park’s many communities.



STRATEGIC NEIGHBORHOOD LOCATIONRegent Towne Center is strategically located at the entrance to Regent Park residential development, a multi-purpose golf course community 10 miles from downtown Charlotte with 16 communities encompassing condos, townhomes, and single family residences. Neighborhood prices range from low $100,000’s for a condo to north of $600,000 for a single-family home.

POPULATION GROWTH & IMPROVING DEMOGRAPHICSThe area within 3 miles of the property has seen population growth to 35,737, or 38% since 2010. This demographic shift has brought in a more affluent population, with average household incomes climbing 29% to $96,362 over the same period.

HIGH VISIBILITY LOCATION AT THE ENTRANCE TO

RAPIDLY GROWING RESIDENTIAL COMMUNITY

R E G E N T T O W N E C E N T E R

THE HAVEN AT REGENT PARK288 UNITS; 4Q18 DELIVERY

THE COMMONS AT FORT MILL APARTMENTS

144 UNITS

FAIRWAY TOWNHOMES AT REGENT PARK

$250K - 250K PER UNIT

WILLOWS AT FORT MILL APARTMENTS

318 UNITS

77

485

0.5 Miles | 152,700 VPD17,100 VPD21

51

Regent Park way

CONDOMINIUM UNITS$100K - $150K

MCCULLOUGH BY JOHN WIELAND HOMES

$300K - $400K

SINGLE FAMILY RESIDENCES$200K - $300K






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TAMPA

WASHINGTON, DC

LONDON, UK

financing

TRAVIS ANDERSONSenior Managing Director

704.526.2806 [email protected]

analysts

WARREN JOHNSONReal Estate Analyst


CORY FOWLERAssociate Director


investment advisors

TOM KOLARCZYKDirector


201 NORTH TRYON STREETSUITE 1400CHARLOTTE, NORTH CAROLINA 28202

4242 SIX FORKS ROADSUITE 876RALEIGH, NORTH CAROLINA 27609

towne center - loopnet · condos, townhomes, and single family residences. neighborhood prices...

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