1862 US Highway 70 SE - Retail FOR SALE


Hickory, NC 28602- Outer City Of Hickory
$2,083,000 USD
980-498-3293
1862 US Highway 70 SE, Hickory, NC for Sale
$2,083,000 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

1862 US Highway 70 SE
Hickory, NC 28602
Outer City Of Hickory


HIGHLIGHTS

  • HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
  • HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR
  • NEW CONSTRUCTION SITE

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 15-year lease term with 10% rental increases every five years throughout the base and option periods - Absolute NNN ground lease structure with zero landlord responsibilities - Hands-off investment providing stable, long-term cash flow from a rapidly expanding coffee operator HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS - Recognized as the economic center of the Catawba River Valley - Two universities support growth: Lenoir-Rhyne University and Appalachian State University - Strong demographics: $80K+ average household income and 70K+ population within 5 miles HICKORY-LENOIR-MORGANTON MSA - Population of ~370,000 across the metro area - Competitive labor market with unemployment below national averages - Catawba County median household income of ~$68,000 - Retail sales exceed $4.1B annually within the county HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR - Prominent frontage along Hwy 70 with 20,000+ vehicles per day - Cross-access to signalized light offers excellent visibility and access for commuter and local traffic - Over 4.4M SF of retail located in 1-mile radius - Nearby Major Retailers include: Chick Fil A, Target, Best Buy, Home Depot NEW CONSTRUCTION SITE - Brand-new drive-thru building scheduled for completion in 2026 - Built to 7 Brew’s latest design standards with high-volume operational capacity for efficient service PROXIMITY TO I-40 AND HICKORY BLVD - Less than 2 miles from the interchange of Interstate 40 and U.S. Route 321 - Interstate 40 is a primary east–west corridor connecting the Charlotte metropolitan area to western North Carolina - Direct access to U.S. Route 70 (22,500 VPD) supporting strong commuter traffic

FOR SALE DETAILS

PRICE

$2,083,000 USD

PRICE/SF

$4,084 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2027

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

C-3

APN/PARCEL ID

3712195030320000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.