Cheshire Centre, Charlotte, North Carolina
The Cheshire Centre comprises 2 modern properties anchored by a Bloom supermarket, a new upmarket customer friendly concept by the Delhaize Group (also owners of Food Lion) well suited to the location. The property also incorporates an Ace Hardware store with a new 10 year lease and includes national retailers such as Eckerd Pharmacy, Tuesday Morning, Subway, Avis and Domino’s.
- Purchase Price (USD)
- 13,925,000
- Lease Expiry (from July 1 2008)
- 8.4 years by income
- Major Tenants
- Bloom (Delhaize Group) and Ace Hardware
- Expiry (Major Tenants)
- March 2024 and September 2016
- Building Area
- 103,915 square feet
- Site Area
- 727,250 square feet
- Car Spaces
- 553
Location
The Cheshire Centre is located in Charlotte, North Carolina. The centre benefits from strong residential and business growth along the W T Harris Boulevard, a popular corridor in northeast Charlotte. The property is close to the 1,300 hectare University Research Park which is home to 40 major corporations employing more than 23,000 people. The University of North Carolina at Charlotte (UNCC) is close by and current enrolments exceed 18,000 students, including 3,100 graduate students. UNCC employs nearly 2,000 people and boasts a 400 hectare campus central to the area. 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 3.8% per annum between 2006 and 2011