Shadow-Anchored Retail
For Sale
Contact for pricing
Pending
657 River Hwy, Mooresville, NC 28117
Two-building retail center offered 97% leased, with national and local tenants and an additional in-line opportunity within the b-shop area.
Property SizeContact for details
Days on Market143
Property Features for 657 River Hwy
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
97%
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 258-1060
Listed By:
Adam O'Sullivan · License #IN RB16000786
Source:
Crexi
Added: Apr 10
Changed: Aug 26
Last Checked: Aug 28 at 8:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This two-building shadow-anchored retail center is offered for sale as a 97% leased investment. The tenant roster includes national and local operators, with Ashley Furniture and HH Gregg comprising the majority of the income, along with additional contribution from a b-shop space in front of the main center. An available small in-line space of 1,846 square feet is positioned in the middle of the b-shop center, providing an opportunity to further add to cash flow.
The property is located off Highway 150, a major east/west thoroughfare with over 30,000 daily traffic, and sits within Mooresville’s primary retail corridor. It is adjacent to several major anchors, including Bed, Bath & Beyond, Petco, Old Navy, Best Buy, and Ulta.
The offering is positioned to benefit from both real estate appreciation and scheduled increases through the lease terms. It also features in-place non-recourse assumable financing, described as attractive for today’s low-yield environment.
The property is located off Highway 150, a major east/west thoroughfare with over 30,000 daily traffic, and sits within Mooresville’s primary retail corridor. It is adjacent to several major anchors, including Bed, Bath & Beyond, Petco, Old Navy, Best Buy, and Ulta.
The offering is positioned to benefit from both real estate appreciation and scheduled increases through the lease terms. It also features in-place non-recourse assumable financing, described as attractive for today’s low-yield environment.
Key Highlights
- Two‑building shadow‑anchored retail center in Mooresville, NC offered with 97% leased occupancy
- Tenant mix includes national and local tenants; Ashley Furniture and HH Gregg comprise the majority of income
- Includes an additional in‑line opportunity: a small 1,846 SF space in the middle of the b‑shop center
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
97%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
548k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Dining 19%
Apparel 17%
Shops & Services 10%
Target
Superstores
106,678 visits/mo
0.5 miles
Sam's Club
Superstores
64,831 visits/mo
0.4 miles
Nordstrom Rack
Apparel
36,945 visits/mo
0.1 miles
Lowes Foods
Groceries
31,520 visits/mo
0.5 miles
Best Buy
Electronics
29,963 visits/mo
0.1 miles
Demographics for 28117, NC
46,917
Population
21,528
Households
2.2
Avg Household Size
42
Median Age
55%
College-Educated
98%
High-School Grad
39.1 sq mi
ZIP Area
1,200
Density / Sq Mi
$109,310
Median Household Income
$53,706
Median Earnings
$1,593
Median Rent
$567,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail center offered 97% leased, with national and local tenants and an additional in-line opportunity within the b-shop area.
Where is this shopping center located?
The property is located at 657 River Hwy Mooresville, NC.
What are key features of this property?
This property features: Two‑building shadow‑anchored retail center in Mooresville, NC offered with 97% leased occupancy; Tenant mix includes national and local tenants; Ashley Furniture and HH Gregg comprise the majority of income; Includes an additional in‑line opportunity: a small 1,846 SF space in the middle of the b‑shop center
