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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.
- 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