102 S Main Ave
Newton, NC 28658
Wells Fargo · Retail Property For Sale

This investment offering features an approximately 9,408 square foot free-standing Wells Fargo Bank, located off Highway 16 in Newton, NC. Wachovia Bank originally signed a 7-year lease at this location in 2003 and exercised a 5- year renewal option in February 2010. Shortly thereafter, Wells Fargo took over the lease following its merger with Wachovia. Wells Fargo and the current owner in 2015 negotiated a new 5-year term, which extends the current lease expiration to August 31, 2020. The site features 3 drive-thru lanes and is located along South Main Street also known as Highway 16, a north/south NC highway that starts in Waxhaw and runs all the way up to the Virginia border. The site is also two blocks away from Highway 10, a east/west NC highway that serves to connect the city of Newton with nearby communities and towns. The Fire Department, Police Department, and Catawba County Museum of History are all within two blocks. The subject property is within one-half mile of national tenants such as CVS, IGA, People's Bank, Nationwide, Allstate, Family Dollar, Kangaroo Express, Little Caesars, and Burger King. NEWTON, NC The City of Newton is the County Seat of Catawba County, positioned in the triangle formed by Asheville, Winston- Salem, and Charlotte. The city's location in the foothills of the Blue Ridge Mountains offer residents and visitors an abundance of scenic attractions and a variety of recreational options. It is roughly 45 miles north of Charlotte. Charlotte is the largest city in North Carolina and has an abundance of tourist attractions from river rafting to great dining and shopping. The city is also a major U.S. financial center with both Bank of America and Well's Fargo's East Coast operations headquartered in the city. The Charlotte metropolitan area ranks 23rd largest in the US and had a 2013 population of 2,335,358.