Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2005
Building Area Gross

Property description

Jones Lang LaSalle, Americas Inc., a North Carolina licensed real estate broker

(“JLL”), has been retained as the exclusive sales representative for Poplin

Place (“the Property” or “the Center”), a 196,462 SF regional shopping

center anchored by Ross Dress for Less, TJ Maxx, Burlington, Target

(shadow), PetSmart, pOpshelf, and Big Lots!. The 100% occupied Property

is located in Monroe, NC, a city situated a half hour drive from Uptown

(CBD) Charlotte, NC. Residing on the “going home” side of U.S. 74 from

Uptown (CBD) Charlotte, the Property benefits from an average of roughly

37,500 VPD (“Vehicles per Day”).


Poplin Place is an active shopping center that has seen record leasing

momentum over the past 25 months, including new leases signed with

national retailers Burlington, Bath & Body Works, pOpshelf, Spectrum,

and more. Additionally, key retailers PetSmart, Ross Dress for Less, and

TJ Maxx have exercised renewals during this same period. These new

leases and renewals provide optimal near-term stability, accounting for

70% of the overall Center’s GLA.

Investment highlights

  • BEST-IN-CLASS, HIGH-PERFORMING ANCHOR TENANT LINEUP
  • SEVERAL RECENT KEY RENEWALS & NEW LEASES WITH TOP RETAILERS - 100% LEASED
  • RAPIDLY EXPANDING TRADE AREA WITH IMPROVING DEMOGRAPHICS
  • HIGH SOUGHT AFTER RETAIL SUBMARKET
  • PROJECTED LOW TO MID-TEENS DOUBLE DIGIT CASH ON CASH RETURN
  • PROPERTY OFFERED UNENCUMBERED OF EXISTING DEBT
Last Updated Date: 26 Oct 2021

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 26 Oct 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.