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2910 N Center St
Hickory, NC 28601
Hickory Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% leased multi-tenant asset to Casa Aguilar, Apotheca CBD & Hemp Market, SportClips, and Tailored Smoke Cigar Lounge
- High-visibility location at the signalized intersection of North Center Street & 29th Avenue Northeast
- Surrounded by major national brand retailers such as Publix, Lowes Foods, Walgreens, Mavis Tire & Brakes, Food Lion, Lowe’s, and McDonald’s Pet
- Scheduled rent increases provide a hedge against inflation
- Outparcel to a Lowes Foods-anchored shopping center featuring 15+ different tenants
- 71,143 residents live within five miles of the site, establishing a stable customer base for the site
EXECUTIVE SUMMARY
The site has a high-visibility location at the signalized intersection of North Center Street & 29th Avenue Northeast, with access to a combined 42,901 vehicles per day directly in front of the site.
Outparcel to a Lowes Foods anchored shopping center featuring tenants such as Pet Supermarket Talbots, Mavis Tires & Brakes, Take 5 Oil Change, Fleet Feet Hickory, Chico’s, Great Clips, and Hickory Tavern. Located near Hickory’s industrial region and several major employers, including Merchants Distributors, which is headquartered in Hickory and employs 1,500 people.
Tourism has a large economic impact on Catawba County (with visitors spending $252M+ per year in the county), and the site maintains beneficial proximity to several parks, Lake Hickory, South Mountains State Park, and the 5,062-seat L.P. Frans Stadium.
The site is within walking distance of communities such as the Hawks Landing Luxury Apartments (144 units) and 29 North Apartments (101 units). The average annual household income within one mile of the site is $95,108, providing an affluent customer base for the site. 71,143 residents live within five miles of the site, establishing a stable customer base for the site.
Outparcel to a Lowes Foods anchored shopping center featuring tenants such as Pet Supermarket Talbots, Mavis Tires & Brakes, Take 5 Oil Change, Fleet Feet Hickory, Chico’s, Great Clips, and Hickory Tavern. Located near Hickory’s industrial region and several major employers, including Merchants Distributors, which is headquartered in Hickory and employs 1,500 people.
Tourism has a large economic impact on Catawba County (with visitors spending $252M+ per year in the county), and the site maintains beneficial proximity to several parks, Lake Hickory, South Mountains State Park, and the 5,062-seat L.P. Frans Stadium.
The site is within walking distance of communities such as the Hawks Landing Luxury Apartments (144 units) and 29 North Apartments (101 units). The average annual household income within one mile of the site is $95,108, providing an affluent customer base for the site. 71,143 residents live within five miles of the site, establishing a stable customer base for the site.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built/Renovated
1987/2018
Price
$3,067,000
Price Per SF
$438.14
Cap Rate
7.25%
NOI
$222,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.63 AC
Zoning
CC-1
Parking
27 Spaces (3.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3704168393610000 | Improvements Assessment | $752,900 |
| Land Assessment | $601,100 | Total Assessment | $1,354,000 |
PROPERTY TAXES
Parcel Number
3704168393610000
Land Assessment
$601,100
Improvements Assessment
$752,900
Total Assessment
$1,354,000
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