Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
7043791967 Office
7043791988 Fax
webb@berkeleycap.com
   
Landing Station

OFFERING SUMMARY

Landing Station consists of a neighborhood-friendly shopping center located in Lake Wylie (Charlotte MSA), South Carolina. The investment is anchored by Bi-Lo. The 58,400 square foot center is 100% occupied.

SUBMARKET OVERVIEW

Lake Wylie is 17 miles from Charlotte, one of the nation's fastest growing commercial and financial centers and site of Charlotte Douglas International Airport; 15 miles from Rock Hill, strongly emerging as an economic hub in piedmont South Carolina; and less than 75 miles from Columbia, the capital of the Palmetto State.

Lake Wylie, known as Charlotte's current hot spot, will experience major growth over the next five years. With lots of Shoreline still undeveloped and its proximity to the airport and downtown charlotte, Lake Wylie is an ideal place to live.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
2008 Estimate 787 9,871 24,485  
2013 Projection 910 11,467 28,912  
Growth 2008 - 2013 15.63% 16.17% 18.08%  
Growth 2000 - 2008 32.27% 33.61% 43.20%  
2008 Average HH Income $86,667 $81,677 $81,012  
OFFERING MEMORANDUM & FILES
Landing Station Argus
Landing Station Offering Memorandum
 
Profiles
  Map/Directions
Name: Landing Station
Size: 58,400 SF
Market: Charlotte, NC
Submarket: Lake Wylie, SC
Leasing Status: 100%
Year Delivered: 1997
Parking Spaces: 345 spaces
Debt: Free and Clear
Location: Northeast corner of Hwy 49 and Hwy 274 intersection
Land Size: 10.586 acres
   
Anchor Tenants Lease Expiration Square Feet
Bi-Lo June 2017 44,000 SF
   
NET OPERATING INCOME $552,116
   
CAP RATE -
   
OFFERING PRICE $5,500,000
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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