Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

943 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Morganton Heights 400 Henredon Rd

284,566 SF 100% Leased Retail Building Morganton, NC 28655 £28,585,469 (£100/SF)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Morganton Heights is adjacent to a Walmart Supercenter (NAP), and is anchored by retailers including TJ Maxx, Ross, Dick’s Sporting Goods, & Belk
Ross, Dick’s, Jo-Ann Fabrics, Dollar Tree, PetSmart are all in their first options as well, displaying commitment to the center
The property is less than 75 miles from downtown Charlotte and I-40 accessible

Belk is a separately parceled ground lease, and is paying an extremely low rent of $2.75/ft
According to Placer.ai, Morganton Heights receives approximately 5.1 million annual visitors, and ranks in the top 25% of power centers within the sta
ULTA, Jersey Mike’s, Staples, Verizon, GNC, AT&T, and China King have all recently extended their leases; Nails R Us recently expanded its store into

Executive Summary

Morganton Heights is a stabilized, daily needs power center that is shadow anchored by Walmart. Over 86% of the current GLA is leased to nationally-recognized retailers. The subject property was constructed in 2013 and is professionally managed and maintained by the current ownership group.

Flyer_MorgantonHeights_MorgantonNC