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7 Brew 1862 US Highway 70 SE 510 SF 100% Leased Retail Building Hickory, NC 28602 $2,083,000 ($4,084.31/SF) 6% Cap Rate
Investment Highlights
- HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
- NEW CONSTRUCTION SITE
- HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- 15-year lease term with 10% rental increases every five years throughout the base and option periods
- Absolute NNN ground lease structure with zero landlord responsibilities
- Hands-off investment providing stable, long-term cash flow from a rapidly expanding coffee operator
HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
- Recognized as the economic center of the Catawba River Valley
- Two universities support growth: Lenoir-Rhyne University and Appalachian State University
- Strong demographics: $80K+ average household income and 70K+ population within 5 miles
HICKORY-LENOIR-MORGANTON MSA
- Population of ~370,000 across the metro area
- Competitive labor market with unemployment below national averages
- Catawba County median household income of ~$68,000
- Retail sales exceed $4.1B annually within the county
HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR
- Prominent frontage along Hwy 70 with 20,000+ vehicles per day
- Cross-access to signalized light offers excellent visibility and access for commuter and local traffic
- Over 4.4M SF of retail located in 1-mile radius
- Nearby Major Retailers include: Chick Fil A, Target, Best Buy, Home Depot
NEW CONSTRUCTION SITE
- Brand-new drive-thru building scheduled for completion in 2026
- Built to 7 Brew’s latest design standards with high-volume operational capacity for efficient service
PROXIMITY TO I-40 AND HICKORY BLVD
- Less than 2 miles from the interchange of Interstate 40 and U.S. Route 321
- Interstate 40 is a primary east–west corridor connecting the Charlotte metropolitan area to western North Carolina
- Direct access to U.S. Route 70 (22,500 VPD) supporting strong commuter traffic
- 15-year lease term with 10% rental increases every five years throughout the base and option periods
- Absolute NNN ground lease structure with zero landlord responsibilities
- Hands-off investment providing stable, long-term cash flow from a rapidly expanding coffee operator
HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
- Recognized as the economic center of the Catawba River Valley
- Two universities support growth: Lenoir-Rhyne University and Appalachian State University
- Strong demographics: $80K+ average household income and 70K+ population within 5 miles
HICKORY-LENOIR-MORGANTON MSA
- Population of ~370,000 across the metro area
- Competitive labor market with unemployment below national averages
- Catawba County median household income of ~$68,000
- Retail sales exceed $4.1B annually within the county
HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR
- Prominent frontage along Hwy 70 with 20,000+ vehicles per day
- Cross-access to signalized light offers excellent visibility and access for commuter and local traffic
- Over 4.4M SF of retail located in 1-mile radius
- Nearby Major Retailers include: Chick Fil A, Target, Best Buy, Home Depot
NEW CONSTRUCTION SITE
- Brand-new drive-thru building scheduled for completion in 2026
- Built to 7 Brew’s latest design standards with high-volume operational capacity for efficient service
PROXIMITY TO I-40 AND HICKORY BLVD
- Less than 2 miles from the interchange of Interstate 40 and U.S. Route 321
- Interstate 40 is a primary east–west corridor connecting the Charlotte metropolitan area to western North Carolina
- Direct access to U.S. Route 70 (22,500 VPD) supporting strong commuter traffic
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
510 SF
Building Class
C
Year Built
2027
Construction Status
Proposed
Price
$2,083,000
Price Per SF
$4,084.31
Cap Rate
6%
NOI
$125,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.01
Lot Size
2.03 AC
Zoning
C-3 - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 3712195030320000 | Improvements Assessment | $443,800 |
| Land Assessment | $1,098,300 | Total Assessment | $1,542,100 |
Property Taxes
Parcel Number
3712195030320000
Land Assessment
$1,098,300
Improvements Assessment
$443,800
Total Assessment
$1,542,100
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Kendra Doherty -
Atlantic Capital Partners
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7 Brew | 1862 US Highway 70 SE
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