359 W Main Ave
Gastonia, NC 28052
Downtown Gastonia
HIGHLIGHTS
- Experienced operator | Goodwill Industries of Southern Piedmont, Inc. | 36 retail stores & 40+ donation sites | $187M annual economic impact
- Exceptional tenant commitment | Goodwill gut-renovated and fully modernized the property to current building standards
- Desirable lease term | More than 7 years remaining
- Built-in NOI growth | 10% rent increase in Year 6 followed by 2% annual escalations, providing predictable income growth and an inflation hedge
- Prime downtown location | Signalized corner intersection of W Main Ave & S Chester St with excellent visibility and access | 11,300 VPD combined
- Positioned to benefit from Downtown Gastonia’s ongoing revitalization | Multiple mixed-use, residential, hospitality, and entertainment developments
FOR SALE DETAILS
PRICE
$2,021,000 USD
PRICE/SF
$238 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Goodwill & Employment Center
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1958
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,038 SF
ZONING
Commercial
APN/PARCEL ID
105782
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704-714-2368
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704-714-2368
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