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

Marcus & Millichap is pleased to present investors the opportunity to acquire Celebration Station, a 15,692-square-foot, NNN leased multi-tenant strip center prominently located at 1716 Highway 70 Southeast in Hickory, North Carolina. Built in 1990, this property has been well-maintained and is currently 100% occupied by a combination of national and local tenants. The subject property is well positioned on Highway 70 Southeast, Hickory' s primary commercial corridor. Celebration Station is less than one mile away from Interstate 40 (65,000 VPD), Valley Hills Mall, a two-story regional shopping mall that draws traffic and attracts customers from six counties, and the Hickory Furniture Mart, which is visited by over one million customers to Hickory every year. Valley Hills Mall and the Hickory Furniture Mart have made this part of Highway 70 the most established shopping destination in Catawba County. Celebration Station is situated directly between the two most trafficked intersections in the city, less than a quarter mile from where Highway 70 intersects Lenoir Rhyne Blvd (47,000 VPD) and one mile from the intersection of Highway 70 and McDonald Parkway (46,000 VPD). This area has attracted notable national retailers including; Target, The Home Depot, Academy Sports, Sam' s Club, Dick' s Sporting Goods, and Best Buy, which are all located within a one-mile radius of the property. Celebration Station offers investors an exceptional opportunity to acquire a highly visible, 100% occupied, multi-tenant strip center adjacent to the county' s largest retail destinations. Surrounded by prominent national retailers and the highest traffic counts in Hickory, we are proud to offer this property at a price of $3,523,000, an 8.00% cap rate.