COSTCO-ANCHORED MIXED-USE DEVELOPMENT
- Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.
FAST-GROWING CHARLOTTE SUBMARKET
- Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.
AFFLUENT TRADE AREA
- Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.
BRAND-NEW 20-YEAR CORPORATE LEASE | 2% ANNUAL RENT ESCALATIONS
- PNC Bank has executed a brand-new 20-year ground lease on a newly constructed 2026 branch, with 2% annual rent escalations throughout the term.
INVESTMENT-GRADE CREDIT: S&P A-RATED WITH $573 BILLION IN ASSETS
- PNC Bank is one of the 10 largest U.S. banks with $573.6 billion in assets, ratings of A (S&P) and AA (low) (Morningstar DBRS), 2,224 branches, and $440.9 billion in deposits, providing exceptional institutional credit.
ABSOLUTE NNN GROUND LEASE
- The investor acquires the land outright under an absolute NNN ground lease with zero landlord responsibilities, delivering fully passive, management-free ownership with no maintenance or capital obligations.