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

OFFERING SUMMARY

Jetton Village is a pedestrian-oriented community shopping center offering a variety of goods, services and restaurants for the affluent Lake Norman area. The center is highly visible and easily accessible from W. Catawba Avenue, Cornelius' primary commercial corridor. The center's main street design is consistent with Cornelius town ordinances promoting mixed-use neo-traditional development concepts with pedestrian connections.

SUBMARKET OVERVIEW

Jetton Village anchors the western end of a major retail concentration along W. Catawba Avenue between I-77 and Jetton Road. Area anchors include Harris Teeter, Stein Mart, Black Lion Gifts, Bi-Lo and Blockbuster Video. There are also freestanding stores for Eckerd and CVS Pharmacy. Across from Jetton Village is Jetton Park, one of the few publicly-owned properties on the Lake Norman waterfront.

 

DEMOGRAPHICS
   
  1-Mile 3-Mile 5-Mile  
2011 Projection: 5,402 37,765 70,979  
2006 Estimate: 4,474 30,450 58,127  
Growth 2006-2011: 20.74% 24.02% 22.11%  
Growth 2000-2006: 34.72% 44.04% 39.37%  
2006 Est. Average HH Income: $127,457 $116,688 $113,473  
OFFERING MEMORANDUM & FILES
Jetton Village Offering Package
 
Profiles
  Map/Directions
Building Area: 70,097 s.f.
Land Area: 7.24 acres
Year Opened: 1998
Signed Leases: 91%
Site Zoning: Village Center
Other Tenants: 12 small shop spaces (23,337 s.f.)
   
Anchor Tenants Lease Expiration Square Feet
Harris Teeter: 2/17/2018 n/a
In Motion Fitness 2/29/2008 n/a
   
NET OPERATING INCOME $964,439
   
CAP RATE 7.00%
   
OFFERING PRICE $13,777,000
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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