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PROMENADE at CAROLINA PAVILION New South Properties of the Carolinas is pleased to offer exclusively for sale 100% fee simple interest in the Promenade at Carolina Pavilion (“Promenade”). Occupying the highest identity location in one of Charlotte’s premier Regional Power Center, the Carolina Pavilion, Promenade offers very stable tenancy, and leasing upside. What makes Promenade at Carolina Pavilion a “Must Own” Retail Property: » Regional Destination | Critical mass of core complimentary retail in surrounding Carolina Pavilion » Rare opportunity | Fee Interest in a Regional Power Center » Convenient Access | Outstanding Ingress and Egress via signalized intersection » Below Market | One year lease on last vacancy offers value upside through leasing vacancy at market rents Asking Price: $5,975,000 Address: 9813 South Boulevard Charlotte, NC 28273 Anchors Tenant: 5.11 Tactical 6,214 SF (41.9%) Verizon Wireless 5,094 SF (34.3%) Tenants: Milan Spa & Nails 1,767 SF (11.9%) Shadow Anchor: Carolina Pavillon Anchors - Target, AMC Theater, Bed Bath & Beyond, Ross, Nordstrom Rack, Etc. Economic Occupancy: 100% Value Add: Leasing Vacant 1,767 SF Year Built: 2006 Building Size: 14,842 SF Land Size: 1.58 Acres 5.11 TACTICAL

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  • PROMENADEat CAROLINA PAVILION

    New South Properties of the Carolinas is pleased to offer exclusively

    for sale 100% fee simple interest in the Promenade at Carolina Pavilion

    (“Promenade”). Occupying the highest identity location in one of Charlotte’s

    premier Regional Power Center, the Carolina Pavilion, Promenade offers

    very stable tenancy, and leasing upside.

    What makes Promenade at Carolina Pavilion a “Must Own” Retail Property:

    » Regional Destination | Critical mass of core complimentary retail in surrounding Carolina Pavilion

    » Rare opportunity | Fee Interest in a Regional Power Center

    » Convenient Access | Outstanding Ingress and Egress via signalized intersection

    » Below Market | One year lease on last vacancy offers value upside through leasing vacancy at market rents

    Asking Price: $5,975,000

    Address:9813 South BoulevardCharlotte, NC 28273

    Anchors Tenant:5.11 Tactical 6,214 SF (41.9%)Verizon Wireless 5,094 SF (34.3%)

    Tenants: Milan Spa & Nails 1,767 SF (11.9%)

    Shadow Anchor:Carolina Pavillon Anchors - Target,AMC Theater, Bed Bath & Beyond,Ross, Nordstrom Rack, Etc.

    Economic Occupancy: 100%

    Value Add: Leasing Vacant 1,767 SF

    Year Built: 2006

    Building Size: 14,842 SF

    Land Size: 1.58 Acres

    5.11 TACTICAL

  • DEMOGRAPHICS

    Stephen Slattery: Retail Investment Sales +1 704 927 2883 [email protected]

    Promenade at Carolina Pavilion

    POPULATION 1 Mile: 6,941 3 Mile: 66,359 5 Mile: 182,967

    AVG H.H. INCOME 1 Mile: $85,033 3 Mile: $80,974 5 Mile: $100,408

    AVG. FAMILY INCOME 1 Mile: $117,876 3 Mile: $101,955 5 Mile: $126,341

    Cellco Partnership,dba Verizon Wireless CorporateFounded in 1983 as Bell Atlantic, the company which became Verizon Communication Inc. in 2000 is based in NY, NY. A $205 Billion Market Cap company today, VZ is the wireless industry leader and a preferred CRE net leased investment.

    5.11 TacticalOriginally started to deliver training gear for the FBI Training Academy in 1992, 5.11 Tactical committed itself to public safety and the first responder community. In 2003, 5.11 started developing a more extensive line for law enforcement. In 2012, 5.11 began designing a women’s line which now includes uniforms, covert clothing, fitness apparel and more. Today, 5.11 has expanded to the outdoor and fitness market and been gradually adding key retail store locations such as this one.

    Milan Nails & SpaSince 3/1/2013, Milan Nails & Spa has been a solid tenant at PCP. The owner, who personally guarantees this lease, has at the time of the lease execution multiple locations and a solid credit reference in the marketplace.

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    MASTER LEASE