The Shoppes At Franklin Square Photo Gallery

The 5-mile trade area around The Shoppes at Franklin Square includes a population of 117,082 and 47,205 households with an average income of $97,053, indicating a stable middle-income consumer base suitable for value-oriented retail. Daytime population totals 112,524, bolstered by nearby employment centers like Caromont Regional Medical Center. Accessibility enhances performance, with I-85 carrying 110,000 vehicles daily and E Franklin Blvd seeing 24,000, facilitating strong visibility and draw for tenants reliant on drive-up traffic.

Anchors such as Walmart Supercenter, Lowes (126,011 sq ft), The Home Depot (133,711 sq ft), and Best Buy (46,675 sq ft) drive significant traffic, estimated at 6.2 million annual visits per recent data. The mix balances big-box home improvement and discount retail with specialty apparel (Ross, Boot Barn, Skechers) and hobby stores (Michaels, Five Below), plus services like Pep Boys and GNC. This diversity supports cross-shopping, though some categories like dining show vacancies, presenting opportunities for food and beverage tenants in a high-traffic environment.

Gastonia's retail market benefits from Charlotte metro growth and affordability, positioning the center well in a node with 1.1 million sq ft of retail. Strengths include anchor stability and medical adjacency for consistent footfall. However, risks arise from competition among nearby power centers, potential saturation in discount and home goods categories, and economic vulnerabilities in a $97,000 average income area. Infrastructure from 2007 may require updates, and triple net charges of $3-5 per sq ft could impact smaller tenants amid fluctuating occupancy for inline spaces.