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1940 US Highway 70 SE 179,841 SF Retail Building Hickory, NC 28602 For Sale
Investment Highlights
- Located at the Valley Hills Mall with access and visibility to Highway 70 which is the main retail corridor in the market
- High traffic volume in front of the site
- Located on approximately 12 acres
- Nearby retailers include Home Depot. Academy Sports, Target, TJ Maxx, Best Buy, Dicks, and others
- Property can be leased to a single tenant or split for multiple users
Executive Summary
Atlantic Capital Partners has been exclusively engaged to market for sale At Valley Hills, a former Sears anchor to the Valley Hills Mall in
Hickory, North Carolina. Situated in the dominant retail epicenter of the Unifour region, the asset offers a tremendous redevelopment
opportunity to reimagine one of the most significant parcels along the US Highway 70 SE corridor. The subject property is part of a
super-regional mall that draws from a high-growth submarket with a local population of over 70,000 people within a 5-mile radius and
a massive regional trade area of over 374,000 people.
Totaling 179,841 square feet, the former Sears is presently unencumbered by any tenant leases, affording immediate redevelopment
potential. The asset includes 169,573 square feet of anchor space connected to the Valley Hills Mall and an 10,268 square foot former
auto service center. This 12.2 acre site features direct access from US Highway 70 SE, which serves as the primary commercial artery for
the region and boasts over 4.3 million square feet of retail product within a one-mile radius of the subject property.
The former Sears at Valley Hills Mall is being offered for sale without a formal asking price, free-and-clear of existing debt.
Hickory, North Carolina. Situated in the dominant retail epicenter of the Unifour region, the asset offers a tremendous redevelopment
opportunity to reimagine one of the most significant parcels along the US Highway 70 SE corridor. The subject property is part of a
super-regional mall that draws from a high-growth submarket with a local population of over 70,000 people within a 5-mile radius and
a massive regional trade area of over 374,000 people.
Totaling 179,841 square feet, the former Sears is presently unencumbered by any tenant leases, affording immediate redevelopment
potential. The asset includes 169,573 square feet of anchor space connected to the Valley Hills Mall and an 10,268 square foot former
auto service center. This 12.2 acre site features direct access from US Highway 70 SE, which serves as the primary commercial artery for
the region and boasts over 4.3 million square feet of retail product within a one-mile radius of the subject property.
The former Sears at Valley Hills Mall is being offered for sale without a formal asking price, free-and-clear of existing debt.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
179,841 SF
Building Class
B
Year Built
1978
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
12.19 AC
Zoning
C-3 - Regional Commercial District
Parking
260 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
877’ on US Highway 70 Southeast
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3711075953880000 | Improvements Assessment | $1,954,500 |
| Land Assessment | $3,407,000 | Total Assessment | $5,361,500 |
Property Taxes
Parcel Number
3711075953880000
Land Assessment
$3,407,000
Improvements Assessment
$1,954,500
Total Assessment
$5,361,500
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1940 US Highway 70 SE
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