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Magnolia Plaza 1247 Burkemont Ave 1,200 - 17,313 SF of Space Available in Morganton, NC 28655
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 1235B | 10,235 SF | 3-20 Years | $5.00 /SF/YR $0.42 /SF/MO $51,175 /YR $4,265 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1239M | 1,200 SF | 3-20 Years | $18.00 /SF/YR $1.50 /SF/MO $21,600 /YR $1,800 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1243A | 1,800 SF | 3-20 Years | $16.00 /SF/YR $1.33 /SF/MO $28,800 /YR $2,400 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1247A | 4,078 SF | 3-20 Years | $14.00 /SF/YR $1.17 /SF/MO $57,092 /YR $4,758 /MO | Triple Net (NNN) |
1227-1255 Burkemont Ave - 1st Floor - 1235B
- 10,235 SF flex space in a well-located retail center on Burkemont Avenue - Open layout with high ceilings and rear loading access - Ideal for retail, showroom, light industrial, or service use - Strong co-tenancy: Rural King, Harbor Freight, Big Lots, Rent-A-Center, Domino’s, and Subway - Excellent visibility and heavy daily traffic in a busy trade corridor - Tenant-focused ownership offering build-out assistance and rent incentives - Ample parking and easy access for customers and deliveries - Ownership is offering attractive tenant incentives and is flexible with build-out options to meet specific business needs.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
- High ceilings & open layout
- Surrounded by major national co-tenants
- Easy access from Burkemont Ave and I-40
- Competitive lease rates with move-in incentives
- Professional and responsive ownership
1227-1255 Burkemont Ave - 1st Floor - Ste 1239M
- 1,200 SF retail suite in a busy shopping center on Burkemont Avenue - Excellent visibility, strong traffic counts, and easy access - Co-tenants include Rural King, Harbor Freight, Big Lots, Rent-A-Center, Domino’s, and Subway - Ideal for boutique retail, salon, service, or professional use - Attractive tenant incentives and flexible build-out options available - Tenant-focused ownership known for being responsive and easy to work with
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- ±1,200 SF inline retail space
- High visibility & strong traffic
- Great co-tenancy with national brands
- Move-in ready with flexible terms
- Aggressive leasing incentives available
1227-1255 Burkemont Ave - 1st Floor - Ste 1243A
- 1,800 SF retail suite in a high-traffic shopping center on Burkemont Avenue - Excellent visibility, easy access, and strong daily traffic - Co-tenants include Rural King, Harbor Freight, Big Lots, Rent-A-Center, Domino’s, and Subway - Ideal for boutique retail, salon, service, or professional use - Attractive incentives and flexible build-out options available - Responsive ownership committed to tenant success
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- ±1,800 SF in-line retail space
- High visibility & strong traffic
- Great co-tenancy with national brands
- Move-in ready with flexible terms
- Aggressive leasing incentives available
1227-1255 Burkemont Ave - 1st Floor - Ste 1247A
- 4,078 SF retail suite in a high-traffic shopping center on Burkemont Avenue - Excellent visibility, easy access, and strong daily traffic - Co-tenants include Rural King, Harbor Freight, Big Lots, Rent-A-Center, Domino’s, and Subway - Ideal for boutique retail, salon, service, or professional use - Attractive incentives and flexible build-out options available - Responsive ownership committed to tenant success
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Ideal for boutique retail, salon, service uses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT MAGNOLIA PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Big Lots
- Discount Store
- 571
- International
- Harbor Freight Tools
- Hardware
- 1,847
- National
- McCabe's Tire & Service
- Services
- 1
- -
- Rent-A-Center
- Rental Shop
- 3,244
- International
- Rural King
- Discount Store
- 159
- Regional
- Western Piedmont Community College Cosmetology
- Other Services
- 3
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Big Lots | Discount Store | 571 | International |
| Harbor Freight Tools | Hardware | 1,847 | National |
| McCabe's Tire & Service | Services | 1 | - |
| Rent-A-Center | Rental Shop | 3,244 | International |
| Rural King | Discount Store | 159 | Regional |
| Western Piedmont Community College Cosmetology | Other Services | 3 | Local |
PROPERTY FACTS
| Total Space Available | 17,313 SF | Frontage | 1,372’ on Burkemont Ave |
| Center Type | Community Center | Gross Leasable Area | 127,375 SF |
| Parking | 1004 Spaces | Total Land Area | 29.33 AC |
| Stores | 24 | Year Built | 1987 |
| Center Properties | 6 |
| Total Space Available | 17,313 SF |
| Center Type | Community Center |
| Parking | 1004 Spaces |
| Stores | 24 |
| Center Properties | 6 |
| Frontage | 1,372’ on Burkemont Ave |
| Gross Leasable Area | 127,375 SF |
| Total Land Area | 29.33 AC |
| Year Built | 1987 |
ABOUT THE PROPERTY
Magnolia Plaza Shopping Center is a well-located, high-traffic retail destination on Burkemont Avenue in Morganton, North Carolina. The plaza is home to strong national tenants including Rural King, Harbor Freight, Big Lots, Rent-A-Center, Domino’s, and Subway, drawing steady customer traffic throughout the day. The center features flex and retail spaces ranging from 1,200 S/F to over 10,000 S/F, each offering excellent visibility, easy access, and ample parking. Spaces are ideal for retail, fitness, showroom, service, or light industrial use. Ownership is known for being the most tenant-friendly in the market, offering aggressive lease incentives, flexible build-out options, and up to 6 months free rent for qualified tenants.
- Pylon Sign
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Magnolia Plaza | 1247 Burkemont Ave
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