Gastonia, NC Redbud Commons

2609 S New Hope Road
Property Type Retail Center
Building Size 63,937 SF
NOI $675,144
Land Area 9 Acres
Property Highlights

RedBud at 94% occupancy offers stable cash flow with only one lease, representing 3.1% of the rentable square feet, expiring over the next 12 months

The investment offers an owner upside through the leasing of a vacant end cap suite of 4,028 SF that was previously occupied by a restaurant

BI-LO reports exceptional annual sales in a growing and densely populated area of Gastonia with traffic counts of 35,000 VPD in front of the center

RedBud is at the intersection of two heavily traveled roads in an established retail corridor with convenient access to Interstate 85

The property is located approximately 3 miles southeast of Gastonia’s central business district and 12 miles west of Charlotte’s central business district

AUCTION DATES 3/4/19 – 3/6/19
PROPERTY ID #1000009581
STARTING BID $2,000,000


There are over 47,000 people in a three-mile radius of the shopping center, projected to increase 5.54% over the next 5 years. The average household income is $72,419.