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Goodwill & Employment Center 359 W Main Ave 8,555 SF Office Building Gastonia, NC 28052 $2,021,000 ($236.24/SF) 6.35% Cap Rate
Investment Highlights
- Experienced operator | Goodwill Industries of Southern Piedmont, Inc. | 36 retail stores & 40+ donation sites | $187M annual economic impact
- Desirable lease term | More than 7 years remaining
- Prime downtown location | Signalized corner intersection of W Main Ave & S Chester St with excellent visibility and access | 11,300 VPD combined
- Exceptional tenant commitment | Goodwill gut-renovated and fully modernized the property to current building standards
- Built-in NOI growth | 10% rent increase in Year 6 followed by 2% annual escalations, providing predictable income growth and an inflation hedge
- Positioned to benefit from Downtown Gastonia’s ongoing revitalization | Multiple mixed-use, residential, hospitality, and entertainment developments
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Goodwill & Employment Center in Gastonia, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Building Size
8,555 SF
Building Class
B
Year Built/Renovated
1958/2024
Price
$2,021,000
Price Per SF
$236.24
Cap Rate
6.35%
NOI
$128,325
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,555 SF
Building FAR
0.43
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
25 Spaces (2.92 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 105782 | Improvements Assessment | $604,510 |
| Land Assessment | $133,120 | Total Assessment | $737,630 |
Property Taxes
Parcel Number
105782
Land Assessment
$133,120
Improvements Assessment
$604,510
Total Assessment
$737,630
Contacts
-
Al Dickens -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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