For Sale
$36,230,000
400 Henredon Rd Morganton, NC 28655
Walmart-shadowed, high-occupancy retail
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Morganton Heights is a stabilized power center shadow-anchored by Walmart, with over 86% of its 284,566 square feet leased to national retailers.
- The center features strong daily needs tenants including TJ Maxx, Ross, Dick's Sporting Goods, and Belk.
- Belk operates under a ground lease with a low rent of $2.75/SF.
- Several key tenants are in their first option periods, demonstrating strong commitment.
- Recent lease extensions and an expansion solidify occupancy at 93.97%.
- The property boasts approximately 5.1 million annual visitors, ranking in the top 25% of North Carolina power centers.
Property Details for 400 Henredon Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 284,566 SF
- Year Built
- 2013
- Lot Size (sq. ft)
- 2,668,486 SF
Location Insight
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Latitude
- 35.725674798524
- Longitude
- -81.701853572658
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Walmart-shadowed, high-occupancy retail
- Where is the lifestyle center located?
- The property is located at 400 Henredon Rd Morganton, NC.
- What is the asking price?
- The asking price for this property is $36,230,000.
- What are key features of this property?
- This property features: Morganton Heights is a stabilized power center shadow-anchored by Walmart, with over 86% of its 284,566 square feet leased to national retailers.; The center features strong daily needs tenants including TJ Maxx, Ross, Dick's Sporting Goods, and Belk.; Belk operates under a ground lease with a low rent of $2.75/SF.
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