Eastfield Village, Huntersville, Charlotte, North Carolina
Constructed in 2004, Eastfield Village is a grocery anchored neighbourhood centre with a Lowes Foods supermarket occupying 51,745 square feet, and supported by national, regional and local specialty tenants. The specialty shops are located in 3 buildings surrounding the supermarket and car park. The centre has a total gross lettable area of 87,490 square feet.
- Purchase Price (USD)
- 18,530,000
- Lease Expiry (from July 1 2008)
- 9.8 years by income
- Major Tenant
- Lowes Foods
- Expiry (Major Tenant)
- September 2024
- Building Area (Upon Completion)
- 87,490 square feet
- Site Area
- 425, 825 square feet
- Car Spaces
- 384
Location
Eastfield Village is located in a rapidly growing northern suburb of Huntersville in Charlotte. Eastfield Village forms a part of Prosperity Village, a master planned community comprising over 700 acres. The locality will be further enhanced by the planned intersection of the Charlotte Interstate 485 Ring Road and Prosperity Church Road, approximately 2.5 kilometres to the south of the property. In a trade area analysis undertaken by Deep End Services it estimated that:
- The population growth rate within the catchment area is expected to average 5.5% per annum between 2006 and 2011
- The forecast rates of growth will be 5 times greater than both the US and Australian average
- The Lowes Foods supermarket is expected to grow turnover by an average of 4.6% per annum over the next 5 years.