GATEWAY CENTER DRIVE

6050 GATE WAY C E NTE R D R I V E | 1

73 27,000 VPD

27,000 VPD

20 MIN - CENTER CITY CHARLOTTE

20 MIN - CENTER CITY CHARLOTTE

KANNAPOLIS PKWY - 22,000 VPD

KANNAPOLIS PKWY - 22,000 VPD

PIZZA HUT & SUBWAY

UNDER CONTRACT

+/-0.82 ACRE COMMERICAL DEVELOPMENT OPPORTUNITY – KANNAPOLIS, NC – CHARLOTTE MSA

6050G A T E W A Y C E N T E R D R I V E

6050 GATEWAY CENTER DRPSNC ENERGY STORE, EDWARD

JONES, KELLER WILLIAMS

FULL MOVEMENT FULL MOVEMENT INTERSECTION INTERSECTION

PROPOSED MULTIFAMILY COMPLEX 78 UNITS

294 MULTIFAMILY UNITS TO BE DEVELOPED

MILL CREEK CROSSING MIXED-USE PROPOSED 300 APARTMENTS | 283 TOWNHOMES

150 SENIOR HOUSING UNITS | 77,000 SF COMMERCIAL

2 | E X ECUTI V E SU M M A RY 2 | E X ECUTI V E SU M M A RY

P R O P E R T Y D E T A I L S

ADDRESS 6050 Gateway Center Drive, Kannapolis, North Carolina 28027

NOTABLE FRONTAGE 175’ Kannapolis Parkway

LANCASTER COUNTY PINS 4691987378

MUNICIPALITY City of Kannapolis

ACREAGE (APPROX.) +/- .8186 acres

CURRENT USE Vacant

ZONING CD (Campus Development District)

BY – RIGHT USES Retail, Office, Services Uses, Light Manufacturing, Warehouses

TRAFFIC COUNTS NC 73: 27,000 VPDKannapolis Parkway: 22,000 VPD

SIGNAGE Property has corner signage rights'

PARKING Share parking agreement in place

PRICING $435,500

120 PEOPLEMOVE TO CHARLOTTE DAILY

BOOMING DEVELOPMENT CORRIDOR

ENTITLEMENTS IN PLACE

FOR COMMERCIAL DEVELOPMENT

FULLY GRADED SITE

I N V E S T M E N T S U M M A R Y

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for 6050 Gateway Center Drive, a +/- .8161 acre commercial development opportunity that is located in Kannapolis, NC. Located at the corner of Kannapolis Parkway and NC-73 with easy access to numerous submarkets of Charlotte, this is an excellent opportunity for a developer to engage in a thriving community that has recently witnessed a flurry of investment. Fully graded with zoning in place for commercial development today and excellent corner frontage, this site is ripe for activity.

+/-0.82 ACRE COMMERICAL DEVELOPMENT OPPORTUNITY – KANNAPOLIS, NC – CHARLOTTE MSA

6050G A T E W A Y C E N T E R D R I V E

662MULTIFAMILY UNITS

150SENIOR HOUSING

UNITS

288TOWNHOMES

AREA CONSTRUCTION TO BE DELIVERED


LOCATION HIGHLIGHTS

AFTON RIDGE SHOPPING CENTERTARGET, MARSHALLS, BUFFALO WILD WINGS,

DICK'S SPORTING GOODS, CHIC FIL A, AND MORE

HOMES PRICED BETWEEN $300K AND $1.1M

HOMES PRICED BETWEEN $300K AND $1.1M

CODDLE CREEK APARTMENTS328 UNITS - RECENTLY DELIVERED

PROPOSED MULTIFAMILY COMPLEX78 UNITS

KANNAPOLIS DISTRIBUTION CENTER

VPX NORTH AMERICA

SITE LOCATION

UNDER CONTRACT

AMAZON DISTRIBUTION CENTER

PIZZA HUT, SUBWAY

CALIBER PACKAGING $ EQUIPMENT

LINDER INDUSTRIAL MACHINERY

UPTOWN CHARLOTTE120,000 EMPLOYEES

20 MINUTE DRIVE

27,000 VPD27,000 VPD



AVANTE HEALTH SOLUTIONS, CLASSIC GRAPHICS FULFILLMENT CENTER, JJ HAINES,

FW LOGISTICS, AND MOREFEREBEE ASPHALT

CORPORATION

AMAZON DISTRIBUTION CENTER

S.P. RICHARDS CO

27,000 VPD27,000 VPD

73

73 PSNC ENERGY STORE, EDWARD JONES, KELLER WILLIAMS

AUSTIN CORNERS 146 HOMES UNDER CONSTRUCTION


4 | E X ECUTI V E SU M M A RY

85

85

STANLEY BLACK & DECKER DISTRIBUTION CENTER, PRESTIGE MOTORSPORTS, SHOE SHOW

ROWAN CABARRUS COMMUNITY COLLEGETOTAL ENROLLMENT: 22,000 STUDENTS

FED EX, SMARTPOST, PREGAL AMERICA, SYSCO FOOD SERVICES, CELGARD,

GEODIS MORTON SALT

STEWART HAAS RACING, HAAS FORMULA ONE TEAM, NOVANT HEALTH LOGISTICS CENTER

GORDON FOOD SERVICE DISTRIBUTION CENTER, SP RICHARDS CO, ANDREWS MOTORSPORTS

HOMES PRICED FROM $300,000 TO $500,000

TARGET, WELLS FARGO, BEST BUY, CHICK FIL A

CELGARD, LLC

MINKA GROUP

FED EX GROUND

FED EX

ELITE LOGISTICS

CABARRUS CHARTER ACADEMY

FERGUSON PLUMBING SUPPLY, RITE LITE, STI TURF CARE, ECS ENTERPRISES, CARDINAL LOGISTICS

MANAGEMENT, GOLDEN GALT TRAILERS

PIZZA HUT & SUBWAY

PROPOSED DEVELOPMENT

AMAZON FUFILLMENT CENTER

QUICK TRIP, YMCA, CVS, HARRIS TEETER

CODDLE CREEK APARTMENTS 328 UNITS - RECENTLY DELIVERED

101,0

00 VPD

101,0

00 VPD

EXIT 54

EXIT 54

EXIT 55EXIT 55


BOOMING DEVELOPMENT CORRIDOR

AUSTIN CORNERS 146 HOMES UNDER CONSTRUCTION



10

1,000

VPD

10

1,000

VPD

SHOE SHOW HEADQUARTERS


SITE LOCATION

PROPOSED MULTIFAMILY COMPLEX 78 UNITS

DNP IMAGINGCOMM AMERICA CORPORATION


85

485

601

29

3-M

ILE

RADIU

S SURROUNDING LAND PARCELS

POSSIBLE RETAILERS AT SUBJECT PROPERTY SITE (3-MILE VOID ANALYSIS)

Baskin Robbins 1,150 SF

Cold Stone Creamery 1,200 SF

Domino's Pizza 1,350 SF

Wing Zone 1,350 SF

Tropical Smoothie Café 1,400 SF

Dickey's Barbeque Pit 1,500 SF

Little Ceasars 1,500 SF

Wingstop 1,600 SF

Waffle House 1,700 SF

Kfc 2,000 SF

East Coast Wings + Grill 2,100 SF

The Habit Burger Grill 2,400 SF

Panda Express 2,400 SF

Taco Bell 2,500 SF

Moe's Southwest Grill 2,500 SF

Long John Silver's 2,500 SF

Five Guys 2,500 SF

Blaze Fast Fire'd Pizza 2,600 SF

Noodles & Company 2,650 SF

Zoes Kitchen 2,750 SF

Shake Shack 3,250 SF

Wendy's 3,300 SF

Peet's Coffee And Tea 3,500 SF

Burger King 3,500 SF

Steak'n Shake 3,500 SF

Aspen Dental 3,750 SF

First National Bank 3,869 SF

Farrell's Extreme Bodyshaping 4,250 SF

Denny's 4,400 SF

Suntrust Bank 4,500 SF

Ihop 4,500 SF

Medexpress Urgent Care 5,100 SF

Red Robin Gourmet Burgers 5,150 SF

First Citizens Bank 5,503 SF

Ruby Tuesday 5,900 SF

Fuddruckers 6,000 SF

Bonefish Grill 6,000 SF

Jason's Deli 6,004 SF

Carrabba's Italian Grill 6,300 SF

Bob Evans Restaurant 6700 SF

Logan's Roadhouse 7,000 SF

Workout Anytime 7,000 SF

Texas Roadhouse 7,350 SF

Olive Garden 7,700 SF

Pet Supermarkets 8,000 SF

Cheddar's Scratch Kitchen 8,000 SF

Outback Steakhouse 8,000 SF

Western Sizzlin' 8,300 SF

La Petite Academy N/A

Goddard School (2.5 Miles) N/A

Chesterbrook Academy N/A

The Learning Experience N/A

Bright Horizons N/A

Kindercare N/A

OT H E R P OT E N T I A L R E TA I L E R S

Sample list of retailers without a presence within 3 miles of the Subject Property site - this is not an exhaustive list.

Food Tenant

AVG. 2,700 SF

AVG. 3,000 SFAVG. 4,900 SF

AVG. 4,711 SF AVG. 2,725 SF

AVG. 1,200 SF AVG. 1,700 SF

AVG. 3,000 SF

AVG. 4,250 SF AVG. 4,000 SF

RETAILERS / FITNESS WITH NEAREST LOCATION AT LEAST 3 MILES AWAY FROM SUBJECT LAND PARCELSAVG. = NATIONAL AVERAGE STORE SIZE (SF)


DEMOGRAPHICS

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

2020 TOTAL 296 9,822 34,191

2025 PROJECTION 362 11,244 37,995

2020-2025 GROWTH 22.30% 14.48% 11.13%

HOUSEHOLD INCOME 1-MILE 3-MILE 5-MILE

2020 AVERAGE $118,454 $111,210 $98,539

2025 PROJECTION $130,913 $122,689 $108,537

2020-2025 GROWTH 10.52% 10.32% 10.15%

POPULATION 1-MILE 3-MILE 5-MILE

2020 TOTAL 751 26,317 92,537

2025 PROJECTION 916 30,083 102,973

2020-2025 GROWTH 21.97% 14.31% 11.28%

BACHELORS DEGREE OR HIGHER 37.10% 40.30% 37.40%

C H A R L O T T E

C O N C O R D

K A N N A P O L I S

H U N T E R S V I L L E

C O R N E L I U S

L O C U S T

L A N D I S

C H I N A G R O V E

B E L M O N T

S T A N L E Y

M T H O L L Y

M I D L A N D

P I N E R I D G E

H A R R I S B U R G

85

8548529

735-MILE 3-MILE 1-MILE


NEARBY RETAIL ACTIVITY (TARGET – 6150 BAYFIELD PKWY, CONCORD, NC 28027)

C H A R L O T T E

C O N C O R D

K A N N A P O L I S

H U N T E R S V I L L E

C O R N E L I U S

L O C U S T

L A N D I S

C H I N A G R O V E

B E L M O N T

S T A N L E Y

M T H O L L Y

M I D L A N D

P I N E R I D G E

H A R R I S B U R G

CONCORD

KANNA PO L I S

85

29

73 27,000 VPD27,000 VPD

KA

NN

APOLIS PKW

Y 2

2,0

00

VPD

KA

NN

APOLIS PKW

Y 2

2,0

00

VPD

Source: Placer.ai

NUMBER OF VISITS

430.1K - 2.2M

97K - 430.1K

48.9K - 97K

29.8K - 48.9K

< 29.8K

NO. 1 RANKED TARGET IN NORTH CAROLINA IN TERMS OF VISITS WITH 2.2 MILLION WITHIN THE PAST 12 MONTHS. THIS IS 300K MORE VISITS THAN THE #2 RATED TARGET IN NC.

Within the past 12 months, at least 430K of the 2.2M total visits to Target in Concord (or roughly 20%) passed by the Subject Land Parcels post visiting the store. Within that same time, at least 240K of the 2.2M total visits to Target passed by the Subject Land Parcels en route to the store.

73

27,0

00 VPD

27,0

00 VPD

KANNAPOLIS PKWY

KANNAPOLIS PKWY

22,000 VPD

22,000 VPDTRAFFIC TO/FROM TARGET

DRIVING DIRECTION OF THOSE PASSING THE SUBJECT PROPERTY RETURNING FROM TARGET.

6050 GATEWAY CENTER DR

FULL MOVEMENT FULL MOVEMENT INTERSECTION INTERSECTION


PROPOSED MULTIFAMILY COMPLEX - 78 UNITS


Source: Kannapolis.com

K A N N A P O L I S D OW N TOW N R E V I TA L I Z AT I O N P R OJ E C T

• A visionary plan to revitalize Downtown Kannapolis is currently underway and expected to attract over $370 million in private investments

R E C E N T D E V E L O P M E N T S :

• The Sports & Entertainment Venue, home of the Kannapolis Intimidators, opened in Spring 2021.

• VIDA, a mixed-use development made up of office, apartments, structured parking, brewery, and restaurant space, will be complete by end of year 2021.


K A N N A P O L I S / CA B A R R U S C O U N T Y


Artium Healthcare System Northeast 4,500

Cabarrus County Schools 3,800

S&D Coffee and Tea 1,100

Amazon 1,000

Speedway Motorsports Inc. 1,000

Shoe Show 750

ACN 600

Corning Inc. 600

COMPANY NO. OF EMPLOYEES COMPANY NO. OF EMPLOYEES

Hendrick Motorsports 600

Great Wolf Lodge & Resort 500

Sysco 500

DNP IMS 350

Perdue Farms 350

Roush Fenway Racing 330

Legrand/Pass & Seymour 300

Stanley Black & Decker 300

KANNAPOLIS – HOME TO NORTH CAROLINA RESEARCH CAMPUS

350ACRE CAMPUS

1,000PEOPLE EMPLOYED

Sources: transforming-science.com & cabarrusedc.com 2017

DEDICATED TO IMPROVING HUMAN HEALTH THROUGH AGRICULTURE AND NUTRITION RESEARCH

CABARRUS COUNTY MAJOR EMPLOYERS

RESEARCH CENTERS WITH MAJOR UNIVERSITIES INCLUDING

1 0 | E X ECUTI V E SU M M A RY

314 230 205

123 170

349

590

305 326 301

847

1,114

685

-

200

400

600

800

1,000

1,200

08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21

RESIDENTIAL DWELLING UNITS PERMITTED 2008-09 THROUGH 2020-2021

T R E M E N D O U S R E S I D E N T I A L DW E L L I N G U N I TS P E R M I T T E D I N D I CAT I V E O F C O N T I N U E D A R E A G R OW T H

E C O N O M I C O U T LO O K

Despite a drop in permitted dwelling units in 2020 - 2021 due to COVID-19, Kannapolis saw a sharp increase in permits in recent years. From 2017/2018 - 2018/2019, there was a nearly 180% increase in dwelling permits followed by a 31% increase from 2018/2019 - 2019/2020.

R E S I D E N T I A L DW E L L I N G U N I TS P E R M I T T E D 2 0 0 8 - 2 0 0 9 T H R O U G H 2 0 2 0 - 2 0 2 1

1 0 | E X ECUTI V E SU M M A RY

6050 GATE WAY C E NTE R D R I V E | 1 1

7,400RESIDENTIAL UNITS APPROVED OR UNDER REVIEW AS OF MARCH 2021


JOHN GAVIGANDirector704 526 [email protected]

JAKE ALEXANDERAnalyst980 819 [email protected]

LOU MEAGHERAnalyst980 819 [email protected]

ANALYSTS

DEBT & STRUCTURED FINANCE

ALEXIS KAISER Director704 526 [email protected]

RYAN EKLUND Director704 526 [email protected]

INVESTMENT ADVISORS

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

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GATEWAY CENTER DRIVE