111 Garrison BlvdGastonia, NC 28052

Property Details for 111 Garrison Blvd

Year built

1985

Lot size

4.02 AC

Property size (Sq ft)

44,197 SF

Zone code

SHOP1

Property type

Retail properties

Property subtype

Super regional malls

APN

109000

APU

109000

Description

This exceptional portfolio comprises nine net-leased retail properties strategically located across North Carolina and South Carolina. The properties, totaling 3,925 to 39,625 square feet, boast a diverse tenant mix of nationally recognized brands including Dollar General, Walgreens, CVS Pharmacy, Family Dollar, Food Lion, Bojangles, and Goodyear Auto Service. The portfolio benefits from a weighted average remaining lease term of 10 years, with corporate guarantees in place, ensuring consistent cash flow. The properties are situated in established trade areas with convenient access to major thoroughfares, and exhibit a strong track record of performance, reflected in the current 100% occupancy rate and a substantial net operating income (NOI) of $2,161,314.96, yielding a 5.27% cap rate. Lot sizes range from 0.68 to 4.02 acres. Years built vary, ranging from 1960 to 2020, showcasing a blend of established and newer properties. This rare opportunity presents a compelling investment proposition for discerning buyers seeking a stable, high-performing retail portfolio in a dynamic market. The portfolio offers a diversified tenant base, long-term leases, and significant upside potential. Individual property details, including lease terms and specific NOI figures, are available upon request. This portfolio represents a unique chance to acquire a legacy asset with substantial long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $15,180,567

  6.5%

  $14,012,831

  7%

  $13,011,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,860,486

  Geo Method

  $18,860,486

• Alternative Use

  Use

  Valuation

  Residential

  $11,820,347

  Hospitality

  $10,827,375

  Educational

  $9,008,249

  Medical

  $9,318,056

  Retail

  $14,012,831

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.2531

Longitude

-81.1825

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].