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$3,800,000
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| | Land Acres | 1.39 | |
| | Building S.F. | 15,523 | |
| | Percent Occupied | 70.00 % | |
| | Cross Street | 25th Street Blvd. | |
| | Market | Hickory | |
| | Sub Market | Charlotte MSA | |
| | No. of Buildings | 1 | |
| | No. Stories | 1 | |
| | Year Built | 2006 | |
| | Parking Ratio | 5.2/1000 | |
| | No. of Parking Spaces | 81 | |
| | Building Class | A | |
| | Zoning Type | Retail | |
| | Shadow Anchored | Super Wal-Mart | |
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2525 US Highway 70 SE Hickory, NC 28602
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Property Description
Perfect for the investor seeking a stable cash flow, Hickory Promenade is shadow anchored by a high producing Super Wal-Mart and is located directly across the street from the main entrance to Catawba Valley Community college. In close proximity are the Hickory Furniture Mart, a unique mix of over 100 factory outlets, stores, shops and galleries offering home furnishings, accessories, lighting, art, fine rugs, and fabrics, and Valley Hills Mall, a 900,000 sf Mall comprised of 90 specialty stores and carts, 11 food court retailers, a sit-down restaurant, and anchored by four department stores, Belk, Dillard's, JCPenney, and Sears
The breadth of retail sales in this market are surprising. Within a 5 minute drive time of the site there were $600 Million in 2007 retail sales. The MSA had $4 Billion.
Seller will Master Lease vacancy for period of three years @ $19 psf by placing full amount in cash in escrow at closing. $10 psf T/I and leasing commission included as well.
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Location Description
Within the Charlotte economic development region the Hickory-Morganton-Lenoir, MSA is he 4th largest in the State. The region continues to be one of the healthiest economically in the country. Hickory Metro area has been named the 10th Best Place to Plive and Raise a Family in the United States by Reader’s Digest. Business North Carolina magazine also reported that the areas largest city, Hickory, was the 8th best city in the state for its quality of life. Forbe's Magazine rated the Hickory Metro area 3rd in the nation for lowest business costs. Southern Business & Development ranked Catawba County the top mid-market in North Carolina in their list of the "Top 250 Best Places in the South to Locate Your Company."
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