Economic Demand Drivers
The Property is in close proximity to three major employment nodes including Indian Land, Ballantyne, and Fort Mill
Lancaster County attracts young families with a highly desirable and well-ranked school system
47% population growth within a 5-mile radius of the property from 2010-2023
Business operations for world-class companies such as AECOM (nuclear engineering), Cardinal Health (medical products), Honeywell (scanning equipment), Kennametal (metal parts) and TriNet (human resource consulting) are located in Indian Land and have over 1,000 employees
Submarket Barriers to Entry
Land scarcity in Indian Land, especially at the submarket’s primary intersection, which is 1 mile from the Property (Charlotte Hwy-521/Fort Mill Hwy-160), is driving multifamily land prices significantly above $20K per unit
Lancaster County utility providers, particularly water & sewer, present approval challenges, adding additional time and cost for new development
Location With Retail Connectivity
Nearby Promenade at Carolina Reserve (5 miles away) is a 100% leased super regional center, featuring tenants such as T.J. Maxx, Burlington, HomeGoods, and Ulta Beauty
Drive Times: 35 minutes from Charlotte CBD, 10 minutes from Ballantyne, 5 minutes from RedStone
Publix, Harris Teeter, Food Lion, and Aldi all have stores along HWY 521
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