2010 Clement Blvd NW 110,000 SF Sports & Entertainment Building Offered at $8,500,000 at a 9.37% Cap Rate in Hickory, NC 28601

Colliers presents a compelling investment opportunity at 2010 Clement Blvd NW in Hickory, North Carolina. This ±110,000-square-foot institutional facility spans approximately 14.15 acres and is strategically positioned in a high-growth commercial corridor near Highway 321, Hickory Regional Airport, and L.P. Frans Stadium. The property comprises four interconnected buildings with expansion potential, a commercial-grade kitchen, and ceiling heights up to 40 feet. Its flexible zoning supports a wide range of uses including retail, education, entertainment, light industrial, and community services—making it ideal for redevelopment into a motion picture studio, convention center, school campus, or indoor sports complex.
Currently, the asset is partially leased under short-term agreements, generating a strong net operating income of approximately $796,521.60 and offering a cap rate of 9.37%. The tenant mix includes fitness, volleyball, office, and outdoor storage users, with additional space available for lease or repurposing. The site also boasts 1,400 parking spaces, equating to a high parking ratio of 13.43 per 1,000 SF, which supports high-traffic operations and logistics-oriented tenants.
The property’s simple structural design minimizes maintenance and tenant improvement costs, while its scale allows for phased development or future parceling. Located in a region with a robust manufacturing base and a growing population, Hickory ranks first in North and South Carolina for manufacturing concentration and offers access to over 2 million people within a 60-minute drive. The area is also undergoing significant development, including the $90 million Hickory Trail greenway, a new aviation museum, and multiple residential and mixed-use projects.