This build-to-suit or ground lease opportunity is located near I-485, which sees 96,500 vehicles per day, and Tryon Street, with a daily traffic count of 34,000, in a densely populated area with strong demographics. Over the past eight years, the surrounding area has experienced significant growth, with a 14% increase in population within a 3-mile radius and a 24% increase within 5 miles. The property offers 81 on-site parking spots and is positioned adjacent to nearly 3,000 homes housing over 9,000 residents.
Adding to the area’s commercial activity, a new ModWash is set to open soon across the street. The average household income within a 1-mile radius is $74,623, reflecting the area's desirable living conditions. The property is next door to Pavilion Apartments, a recently built 4-star complex with 294 units and over 460 residents, while across the street is another 4-star complex offering 296 units and home to more than 530 residents.
Strategically located, the site is just 11 miles from Downtown Charlotte, 3 miles from the University of North Carolina at Charlotte, and a short drive from the Charlotte Motor Speedway, Concord Mills, and Charlotte Douglas International Airport. Its proximity to major highways and local attractions makes this a prime location for future development.