108 E Main Avenue Gastonia, NC 28052

Building Details

Year Built

1912

Listing agency r***@cbrealty.com Show Phone

Listed by Ryan Pilsy · License #309014 Show Phone

Source Cbcworldwide

Added: Apr 2 Updated: Jul 10 at 12:32PM Checked: Apr 3 at 12:18PM

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Investment Insights

Based on property information with market context.

Located in the heart of Downtown Gastonia, NC, 108 E. Main Ave. is a turnkey NNN retail investment opportunity. The property is priced at $500,000 and offers an 8.04% cap rate based on an annual in-place income of $40,200. The property is situated on E. Main Ave. in Gastonia’s primary downtown commercial corridor, providing strong street visibility. Downtown Gastonia has experienced sustained public and private investment across its arts, dining, and entertainment district, leading to increased foot traffic and retailer demand. The property benefits from direct I-85 access and is approximately 25 minutes from Charlotte’s urban core. The building is well-maintained with no deferred maintenance. The HVAC system was replaced in 2022, and the roof was replaced in 2015. The property is fully occupied by Marty’s LLC, an established CBD retailer with locations in Gastonia and Hickory, NC. The tenant is operating under a three-year NNN lease commencing in June 2025, which includes three one-year renewal options and a 3% annual rent escalation. The lease is personally guaranteed by the principal.

Key Highlights

• Turnkey NNN retail investment with zero landlord responsibilities.
• 8.04% cap rate on $40,200 in annual in‑place income.
• Located in Downtown Gastonia, a revitalizing area.

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FAQs

What type of property is this?

Retail space - NNN retail investment in Downtown Gastonia, NC.

Where is this retail space located?

The property is located at 108 E Main Avenue Gastonia, NC.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Turnkey NNN retail investment with zero landlord responsibilities.; **8.04% cap rate on $40,200 in annual in‑place income.**; Located in Downtown Gastonia, a revitalizing area.