Property Highlights
- Proximity to Proposed Hunsucker Crossing Development – 1 mile from subject property lies an approximately 500 acre mixed use development featuring single family residential, multifamily residential, office, retail, hospitality, and an industrial park
- Excellent Long-Term Hold Opportunity – Given the growing nature of the surrounding area, this property is an ideal opportunity for an investor to acquire a center at a reasonable price point that will generate significant returns over approximately a 10 year or more hold period
- Significant Value-Add Opportunity – Currently only 13% leased, filling or redeveloping the anchor box will result in a stabilized center with a strong tenant line-up that features national and local tenants with favorable lease structures | Similar deals in the region have been redeveloped into other uses like industrial warehouse, medical or self-storage
- Ease of Access – 2 points of ingress/egress on two different roads | Excellent Parking Ratio of 5.4 spaces per 1,000 SF
- Service Oriented Tenants – The center is currently leased to service oriented tenants that are pandemic and e-commerce resistant
- Located Immediately off Exit 135 on Interstate 40 – Realizes high traffic counts and excellent visibility from Centennial Blvd (4,000 VPD) & N Oxford Street (14,000 VPD)
- Thriving Market – Hickory, NC MSA has been ranked the 4th most affordable MSA in the US | Hickory Metro has the lowest business costs in the nation in 2019
- Limited Grocery Competition – The vacant big box provides a grocer a great opportunity to service a community that is lacking a local grocery store | The next closest grocery store is 3.7 miles away | No grocery stores lies to the East of the center