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Shopping Strip

Sherwin-Williams Shops | Walmart Shadow

2425 US Hwy 70 SE, Hickory, NC 28602

Listing Price: $3,130,000

Cap Rate
6.65%
Gross SF
8,010
Rentable SF
8,010
Price/Gross SF
$390.76
Lot Size
1.55 acres
Year Built
2015

Investment Overview

Marcus & Millichap is pleased to present for sale an 8,010 square foot retail strip located in Hickory, North Carolina. The subject property is an outparcel to a Sam’s Club and Walmart Supercenter and directly adjacent to a Lowes Home Improvement. The three-tenant retail strip was constructed in 2015 and is fully occupied by three notable tenants, Sherwin Williams, Jersey Mike’s Subs, and Mariner Finance. Sherwin Williams is an investment grade credit tenant occupying 43% of the GLA. HIGH TRAFFIC AREA | MAIN RETAIL CORRIDOR The subject property is well positioned in Hickory’s main retail corridor and is highly visible off of US Highway 70 SE (20,000 VPD). In addition to the Sam’s Club and Walmart Supercenter, the property is surrounded by major retailers such as Lowe’s Home Improvement, Home Depot, Target, Aldi, TJ Maxx, Popeyes, IHOP, and more. STRONG CUSTOMER FOOT TRAFFIC Customer foot traffic data tracked by Placer.ai shows the adjacent Sam’s Club, Walmart Supercenter, and Lowes Home Improvement all in the top 10% for their respective chains. Placer.ai estimates more than 2,000,000 customer visits for the adjacent Sam’s Club over the past 12-months. SURROUNDED BY MAJOR EMPLOYERS & ATTRACTIONS Catawba Valley Community College (162-acre campus with 4,800 curriculum enrollment) is located directly across US Highway 70 SE. The Hickory Convention Center, a 76,000 square foot event facility bringing in 500,000 visitors annually, Corning Optical Communications, Garner-Webb University, and the Hickory Motor Speedway are all located within 1.5-miles of the subject property. Additional within the surrounding area include Catawba Valley Medical Center (258-beds), Lenoir-Rhyne University, Downtown Hickory, and Frye Regional Medical Center (355-beds)

Investment Highlights

  • Sam's Club and Walmart Supercenter Outparcel | 8,010 Sq. Ft.
  • Three-Tenant Building | 100-Percent Leased | National Tenants
  • Sherwin Williams, Jersey Mike's Subs, Mariner Finance
  • Attractive Price Point: $3,130,000 ($390/SF)
  • Sherwin Williams = 43% of GLA | SHW: Investment Grade Credit Tenant
  • Primary Retail Corridor | Adjacent to Interstate | 40-Miles from Charlotte, NC
  • Across from Catawba Valley Community College (162 Acre Campus | 4,800 Students)
  • Nearby Points of Interest: Sam's Club, Walmart, Lowe's Home Improvement, Home Depot, Aldi, Target, TJ Maxx, Hickory Convention Center, Catawba Community College, Interstate 40

Exclusively Listed By

Shopping Strip

Sherwin-Williams Shops | Walmart Shadow

Listing Price: $3,130,000

Cap Rate
6.65%
Gross SF
8,010
Rentable SF
8,010
Price/Gross SF
$390.76
Lot Size
1.55 acres
Year Built
2015

Investment Highlights

  • Sam's Club and Walmart Supercenter Outparcel | 8,010 Sq. Ft.
  • Three-Tenant Building | 100-Percent Leased | National Tenants
  • Sherwin Williams, Jersey Mike's Subs, Mariner Finance
  • Attractive Price Point: $3,130,000 ($390/SF)
  • Sherwin Williams = 43% of GLA | SHW: Investment Grade Credit Tenant
  • Primary Retail Corridor | Adjacent to Interstate | 40-Miles from Charlotte, NC
  • Across from Catawba Valley Community College (162 Acre Campus | 4,800 Students)
  • Nearby Points of Interest: Sam's Club, Walmart, Lowe's Home Improvement, Home Depot, Aldi, Target, TJ Maxx, Hickory Convention Center, Catawba Community College, Interstate 40

Investment Overview

Marcus & Millichap is pleased to present for sale an 8,010 square foot retail strip located in Hickory, North Carolina. The subject property is an outparcel to a Sam’s Club and Walmart Supercenter and directly adjacent to a Lowes Home Improvement. The three-tenant retail strip was constructed in 2015 and is fully occupied by three notable tenants, Sherwin Williams, Jersey Mike’s Subs, and Mariner Finance. Sherwin Williams is an investment grade credit tenant occupying 43% of the GLA. HIGH TRAFFIC AREA | MAIN RETAIL CORRIDOR The subject property is well positioned in Hickory’s main retail corridor and is highly visible off of US Highway 70 SE (20,000 VPD). In addition to the Sam’s Club and Walmart Supercenter, the property is surrounded by major retailers such as Lowe’s Home Improvement, Home Depot, Target, Aldi, TJ Maxx, Popeyes, IHOP, and more. STRONG CUSTOMER FOOT TRAFFIC Customer foot traffic data tracked by Placer.ai shows the adjacent Sam’s Club, Walmart Supercenter, and Lowes Home Improvement all in the top 10% for their respective chains. Placer.ai estimates more than 2,000,000 customer visits for the adjacent Sam’s Club over the past 12-months. SURROUNDED BY MAJOR EMPLOYERS & ATTRACTIONS Catawba Valley Community College (162-acre campus with 4,800 curriculum enrollment) is located directly across US Highway 70 SE. The Hickory Convention Center, a 76,000 square foot event facility bringing in 500,000 visitors annually, Corning Optical Communications, Garner-Webb University, and the Hickory Motor Speedway are all located within 1.5-miles of the subject property. Additional within the surrounding area include Catawba Valley Medical Center (258-beds), Lenoir-Rhyne University, Downtown Hickory, and Frye Regional Medical Center (355-beds)

Exclusively Listed By

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