2631-2647 Hwy 127
Hickory, NC 28602
Mountain View Marketplace · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Mountain View Marketplace, a grocery-anchored shopping center in Hickory, North Carolina. The property is anchored by Lowes Foods, a successful grocery chain with 83 locations across the Atlantic region. The grocer has a low occupancy cost of under 5% and recently underwent a $1.5 million upgrade of the store. Additionally, the property includes 13,500 square feet of shop space leased to synergistic in-line tenants including Great Clips, H&R Block, and others. The property is 88.5% occupied and features NNN lease structures with some tenants reporting sales (see lease abstract.) 6,300 square feet of space is available, representing an attractive upside of nearly $80,000 in potential NOI. Mountain View Marketplace is located near the busy intersection of Highway 127 (23,000 VPD) and Highway 321 (28,000 VPD), two of the area’s busiest roads. The property benefits from high visibility and convenient access. Downtown Hickory is just 4 miles away and is accessed via Hwy 321. The property is surrounded by additional daily needs retailers including CVS, Walgreens, and BB&T. The immediate trade area boasts an average household income of $76,000 within a 1-mile radius.