Mooresville Festival is a 160,000 square foot community center located in a prominent commercial corridor in Mooresville, North Carolina, part of the northern Charlotte MSA. Constructed in 1991, the center is anchored by an 86k SF Kohl’s (S&P rated BBB) and a 34k SF Big Lots (S&P rated BBB-). Both anchor tenants are Fortune 500 companies, and the center’s positioning as a soft-goods retail destination is bolstered by Shoe Carnival’s tenancy and Belk department store as a shadow-anchor onsite. Mooresville, located ~25 miles north of Charlotte, is the home of many NASCAR racing teams, drivers, and racing technology suppliers, earning it the nickname “Race City USA.” Mooresville is also home to the corporate headquarters of Lowe’s Companies, the national home improvement chain with over $56 billion in annual revenue. As a result, Mooresville Festival serves a strong demographic community, with a 5-mile population of 63k, household income of $92k, and median home value of $218k.
*Any projections, assumptions, or estimates used are representation only and may not reflect the current or future status or performance of the property.