F O R S A L E20 Acres Infill Development SiteApartments*, Mixed Use,Retail or Industrial

JOHN CULBERTSON, CCIM, CRE, SIORCardinal Real Estate Partners, LLC

| 704.953.5500 | 704.501.7273| 101 South Tryon Street, Suite 2700

Charlotte, NC 28280

409 Tyvola RdCharlotte, NC 28217

TYVOLA RD (35,000 VPD)

I-77

(161

,00

0 V

PD

)

C O N T E N T S

EXECUTIVE SUMMARY

PROPERTY DETAILS

PROPERTY HIGHLIGHTS

SITE PLAN AND AERIAL

LOCATOR AND TRADE MAP

DEMOGRAPHICS

AREA OVERVIEW

MARKET OVERVIEW

CONTACT

This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.

D I S C L A I M E R

E X E C U T I V E S U M A R Y

F O R S A L E | 2 0 . 9 5 A c r e s o n T y v o l a R o a d 03

This highly desirable site is currently comprised of one approximate 20.950-acre parcel

identified as Mecklenburg Parcel ID No. 16911105 located off of Tyvola Road in Charlotte,

Mecklenburg County, North Carolina. The site is currently a wooded lot that formerly operated

as a municipal solid waste landfill from the 1950s to the 1970s by the City of Charlotte. The site

has undergone various assessment activities dating back to February 1989 under the North

Carolina Department of Environmental Quality (NCDEQ) Pre-Regulatory Landfill Program

(PRLF). The site has been accepted into the NC DEQ Brownfields Program and is seeking a

Brownfields Agreement, which entitles a developer to certin property tax benefits. The

proposed redevelopment of the site currently is anticipated to include class A high-density

residential* or two  last-mile  warehous es in close proximity to interstates and Charlotte's

affluent urban core.

P R O P E R T Y D E TA I L S Access from Westpark Drive Extension. There is a signal at Tyvola Road and Westpark Drive.

Property is being offered without the two billboards on the site.

PARCEL NUMBER

ACREAGE

ZONING

PRICING

16911105

20.95

I-2

Call for Pricing

I-77 (161,0

00 VPD)

TYVOLA RD (35,000 VPD)

* Pending regulatory and governmental approvals

F O R S A L E | 2 0 . 9 5 A c r e s o n T y v o l a R o a d 04

Next door is the Exchange, Charlotte newest live-work project. The owners are underway with

a multimillion redevelopment with public art, pedestrian crossings, walking and biking trails,

fire pits and active turf terraces. th e Exchange is a place for exactly that—an active exchange

of ideas, people and culture gathering together in this one, unique place. It is a destination for

both serendipitous opportunities and curated experiences, all centered around the notion of

community and collaboration. www.theexchangeclt.com

 

This site is the The Gateway to South End , "LoSo", SouthPark and the Myers Park neighborhood

from Interstate 77 .  Immediately adjacent and visible to  I-77 and the Light Rail Line, just 10

minutes away from the Charlotte CBD and SouthPark Mall , 12 minutes from Charlotte Douglas

Airport. Surrounded by abundant multi-family residential recently opened or under

construction. Trendy nearby restaurants/retail include: Olde Mecklenburg  Brewery, Mac’s

Speed Shop, CBD via Light Rail and Park Road Shopping Center.

P R O P E R T Y H I G H L I G H T SVery Convenient Location:

SouthPark Mall 10 minutes

SouthEnd District 8 minutes

Light Rail “Tyvola Station” 5 minutes

Ballantyne 15 minutes

CBD 12 minutes

Airport 12 minutes

F O R S A L E | 2 0 . 9 5 A c r e s o n T y v o l a R o a d 05

L O C A T O R M A P

T R A D E M A P

TYVOLA RD (35,000 VPD)

I-77 (161,000 VPD)

TYVOLA SQUARE

PARK ROAD

SOUTHPARK

I-77

(16

1,0

00

VP

D)S TRYON ST (2

2,947 VPD)

SO

UT

H B

LVD

(34,90

0 V

PD

)

E WOODLAWN RD

TYVOLA RD (35,000 VPD)

BILLY GRAHAM PKWY (46,700 VPD)

F O R S A L E | 2 0 . 9 5 A c r e s o n T y v o l a R o a d 06

1 MILE

3 MILES

2019 Total Population:

2024 Population:

Pop Growth 2019-2024:

Average Age:

8,481

9,259

9.17%

33.60

88,707

97,823

10.28%

35.90

196,068

215,580

9.95%

36.80

D E M O G R A P H I C S - 1 A N D 3 M I L E R A D I U S

C H A R L O T T E , N CIf Charlotte were a human, the city would likely be a teenager, getting taller and busting out the

seams of its clothes in the midst of a huge growth spurt. The city’s building boom shows no

signs of stopping, with dozens of people a day moving here and apartments popping up like

mushrooms after a rain.

Charlotte, NC recently became the 16th largest city in the US, ahead of Indianapolis. Future job 

growth over the next ten years is predicted to be 45.2%, which is higher than the US average

of 33.5%.

S O U T H C H A R L O T T E , M E C K L E N B U R G C O U N T Y N C

F O R S A L E | 2 0 . 9 5 A c r e s o n T y v o l a R o a d 07

IDEAL INFILL, LAST-MILE DISTRIBUTION SITE:  Industrial rents in Charlotte have been among the

fastest growing in the nation, climbing roughly 5.9% over the past year. With a steady stream of demand,

it is unsurprising that vacancies in the metro are also in a good spot. In fact, at 7.2%, vacancies are well

below the historical average. These strong fundamentals, as well as favorable demographic trends, have

attracted firms such as Amazon, Staples, and UPS, which now have regional distribution centers in the

metro. This demand has carried over into the investment market. Assets in Charlotte have appreciated

well as a result. Since 2010, industrial assets have more than doubled in terms of pricing per SF, and sales

volume surpassed $1 billion in both 2017 and 2018. Already reaching nearly $400 million in sales, volume

in 2019 is on a similar pace to last year's.

AWESOME APARTMENT* AND MIXED-USE SITE: Demand for apartments in Charlotte remains robust due to

strong population and job growth. Vacancies are recovering from the latest wave of supply. Rents have risen as

occupancy has improved, climbing roughly 4.5% over the past year.

Developers are drawn to the metro's strong demographic trends, resulting in an uptick in ground-breakings.

Construction along the LYNX line and near employment hubs has made up the bulk of recent deliveries.

Investors have also been active in the metro, with sales volume setting a new record in 2018 and with 2019

already well past the $1 billion mark. Apartment pricing in Charlotte has risen from roughly $80,000/unit in 2010

to $150,000/unit in 2019. (CoStar)

A R E A O V E R V I E W

F O R S A L E | 2 0 . 9 5 A c r e s o n T y v o l a R o a d 08

W H Y C H A R L O T T E ?People keep coming to the Charlotte region. 102 people a day, in fact. Why do they come to

Charlotte? They come for jobs in a healthy and growing economy with thriving health care,

finance and professional services sectors, and ranked the No. 1 fastest growing tech talent

market two years running. They come to start and grow businesses in a state with the lowest

corporate tax rate on the East Coast and a region with an educated, talented and innovative

workforce, regularly ranked in the top three best places to start a business. They come for

lower cost of living and affordable real estate in neighborhoods suitable for any lifestyle –

from vibrant urban centers to suburban cul-de-sacs to quaint small towns and rural areas.

And 226 days of sunshine a year doesn’t hurt either.

JOHN CULBERTSON, CCIM, CRE, SIOR

Cardinal Real Estate Partners, LLC

| 704.953.5500 | 704.501.7273

| 101 South Tryon Street, Suite 2700

Charlotte, NC 28202

C O N TA C T