1716 Us Highway 70 SE
Hickory, NC 28602
Celebration Station · Retail Property For Sale

RTP Capital Advisors is pleased to present Celebration Station located in Hickory, North Carolina. This retail property is a 100% NNN leased strip center anchored by Mattress Warehouse, the #1 independently owned American mattress retailer with stores throughout the Mid-Atlantic region. Celebration Station is approximately 15,000+ square feet on a 1.64 acre signalized corner well located in Hickory’s primary commercial corridor. The subject property is surrounded by major retailers including Target, Home Depot, Dick’s Sporting Goods, Walmart, and many more. With excellent frontage and visibility on US Highway 70 SE, this location is less than one mile from Interstate-40, a highly traveled east-west connector. The subject property is also near many of Hickory’s major economic drivers. These include Valley Hills Mall, a regional shopping center attracting customers from six counties, Hickory Furniture Mart, visited by over one million people each year, and Catawba Valley Community College, enrolling thousands of students each semester. Hickory, North Carolina is recognized as a major center for furniture manufacturing and home to major fiber companies such as Corning Optical Communications. Hickory, located in Catawba County, is part of a larger data center cluster home to Apple and Google. Apple has already invested $3 billion in the area with plans for more, while Google and Bed Bath & Beyond also host major data centers in the area as well. Celebration Station offers investors the opportunity to acquire a 100% leased NNN strip center. We are pleased to offer this investment opportunity for $3,480,000 at an 8.50% cap rate.