ATTRACTIVE LEASE FUNDAMENTALS
- Two-Tenant NNN Center
- Gabe’s Lease Includes 10% Increases at Each Option, Sauders Lease Includes 3% Increases at Each option
- Provides Built-In Inflation Hedge
- Current WALT of 2.73 Years
UPSIDE THROUGH NEAR-TERM RE-LEASING
- Short WALT (2.73 Years) Creates Opportunity to Capture Market Rent Growth
- Excellent ReTenanting Potential with Modernized Building and Strong Location Fundamentals
POSITIONED IN DENSE RETAIL NODE
- Within a 1-mile radius of the subject site is more than 2.7M SF of retail space
- Site is also positioned Along New Hope Road in Gastonia’s Main Retail Corridor
- Surrounded by National Credit Tenants Including Walmart, Target, and Lowe’s
- Excellent Accessibility and Visibility
NEARBY ANCILLARY CUSTOMER BASE
- Property Benefits from Continuous Traffic Between Akers Center and Eastridge Mall, Located Directly Across the Street
- Eastridge Mall is Anchored by Belk, Dillard’s, and Cinemark
- Constant Flow of Shoppers Provides Strong Ancillary Customer Base and Increased Sales Potential for On-Site Tenants
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
REGIONAL CONSUMER DRAW
- Gastonia Serves as a Primary Retail Hub for Western Charlotte Metro
- Over 114K Residents Within 5 Miles
- Steady Population and Income Growth Supports Tenant Sale