| INVESTMENT HIGHLIGHTS: |
|
Value Add - purchase opportunity of lender-owned retail center.
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Excellent visibility and access on NC State Highway 127 |
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Discount to Replacement Cost - The asset can be purchased at a significant discount to replacement cost. |
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Available Anchor Space - Upside potential via lease-up and rent growth of existing 37,760± SF of shops, including a 27,360± SF former Lowes Foods grocery store anchor box. |
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Growth Market – Solidly growing population, with a 5% projected growth rate over the next 5 years. |
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| PROPERTY SPECIFICATIONS: |
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Location: |
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2920 Highway 127 South
Hickory, NC 28602 |
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Type: |
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Neighborhood Shopping Center |
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Size: |
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58,659± square feet
7.3± acre site |
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Year Built: |
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1987 |
| |
Occupancy: |
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36% |
| |
Stabilized NOI: |
|
$283,762 |
| |
Price: |
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$1,750,000 ($30 PSF) |
|
