Simply Brokerage, LLC, as exclusive advisor to the owner, is pleased to present the opportunity to lease the soon to be the former TGI Friday’s located in the rapidly growing Concord submarket of the Charlotte, NC metro area (the “Property”). The Property is located along Concord Mills Boulevard at the entrance to Concord Mills Mall, North Carolina’s largest outlet and value retail shopping center. As the one of the predominant out parcels to the shopping center, the Property benefits from high visibility and impressive surrounding combined traffic counts of ±196,000 vehicles per day (VPD). Due to its large pipeline of commercial development and surge in employment opportunities, the trade area experienced 33% population growth within a 3-mile radius of the Property since 2010, becoming one of North Carolina’s fastest growing cities. The Property’s irreplaceable location makes this a desirable location for generations to come. The large and highly accessible 1.83-acre lot presents significant opportunity with a recently constructed flyover bridge connecting Concord Mills Boulevard to the entrance of the Mall has significantly improved the traffic flow to the mall. The bridge provides direct access to the Property and has made it the first parcel visible when entering the mall. The trade area is seeing significant development with 115,000 SF of mixed-use retail and 64,000 SF of class-A office space with more proposed construction on the way. Additionally, Red Bull has announced plans to anchor a new, $1 billion beverage production hub at the former Phillips Morris Plant Site, further boosting the local economy by bringing up to 500 new jobs to the area. The significant capital contribution underscores the continued economic growth in the market.
The subject Property benefits from high visibility and traffic counts as an outparcel to Concord Mills Mall, which is institutionally owned and operated by Simon Property Group. It is currently on the map as North Carolina’s largest value retail shopping center. An astonishing 1.32M square feet of retail space. Concord Mills features over 200 specialty stores, including Bass Pro Shops, Dicks H&M, Forever 21, Coach, Nike Factory Outlet and an AMC Theatre featuring IMAX. Surrounded by outparcel restaurants such as Outback Steakhouse and a regional accolade deserving BBQ restaurant, Mac’s Speed Shop.
#icsc #nationalretailbroker #Concord #northcarolinarealestate #restaurantindustry #retailrealestate #forlease
Fleet & Municipal Truck Equipment Sales
3moVery nice. Is that the old Hillside Nursery property?