Grocery-Anchored Shopping
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3350 Robinwood Rd, Gastonia, NC 28056
Multi-tenant retail center with grocery, service, restaurant, shipping, and medical-oriented uses at a signalized intersection.
Property Size68,767 SF
Price / SF$197.08
Days on Market3
Property Features for 3350 Robinwood Rd
General Information
Standard status
Active
Size
68,767 SF
Property subtype
RETAIL
Listing Agency:
MPV Properties
(704) 248-2100
Listed By:
Mark Newell
(704) 248-2100
Source:
Moodyscre
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 12:23PM
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 MPV Properties
Investment Insights
Based on property information with market context.
This 68,767-square-foot shopping center is anchored by Harris Teeter and includes Great Clips, The UPS Store, and Hungry Howie's Pizza. The tenant mix also incorporates service-oriented and medical-related activity associated with Atrium Health, supporting a range of recurring retail and convenience visits.
The property occupies the signalized intersection of Robinwood Road and Kendrick Road, where reported traffic volume is 18,000 AADT. It is within 4 miles of Hwy 74 and I-85 and serves an affluent surrounding trade area, with average household income of $125,871 and a 118 wealth index within 1 mile.
The offering includes an NN+ lease structure, with landlord obligations limited to the roof, structure, and parking lot. The source information also identifies contractual NOI growth and below-market grocery rent as investment considerations.
The property occupies the signalized intersection of Robinwood Road and Kendrick Road, where reported traffic volume is 18,000 AADT. It is within 4 miles of Hwy 74 and I-85 and serves an affluent surrounding trade area, with average household income of $125,871 and a 118 wealth index within 1 mile.
The offering includes an NN+ lease structure, with landlord obligations limited to the roof, structure, and parking lot. The source information also identifies contractual NOI growth and below-market grocery rent as investment considerations.
Key Highlights
- 68,767‑square‑foot grocery‑anchored shopping center
- Harris Teeter anchor with Great Clips, The UPS Store, and Hungry Howie's Pizza
- Signalized intersection of Robinwood Road and Kendrick Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,012,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,253,600
$20.3M
Cap Rate 7%
$14,466,857
$14.5M
Cap Rate 9%
$11,252,000
$11.3M
Market Conditions
NOI Build-Up for 68,767 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.44M $21.00/SF
− Vacancy
−$93.9K −$1.37/SF
EGI
$1.35M $19.64/SF
− OpEx
−$337.6K −$4.91/SF
NOI
$1.01M $14.73/SF
Area
Gaston County, NC
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,253,600
Cap Rate 7%
$14,466,857
Cap Rate 9%
$11,252,000
Alternative Uses
Best Use
Specialty Retail
$14.47M
$12.66M – $16.88M
NOI $1,012,680 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$12.06M
$10.55M – $14.07M
NOI $844,225 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$21.64M
$18.94M – $25.25M
NOI $1,515,075 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
88k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 43%
Beauty & Spa 2%
Harris Teeter
Groceries
37,781 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,925 visits/mo
0.4 miles
BP
Shops & Services
12,056 visits/mo
0.5 miles
Dollar General
Shops & Services
8,273 visits/mo
0.5 miles
The UPS Store
Shops & Services
6,173 visits/mo
0.1 miles
Demographics for 28056, NC
34,332
Population
14,415
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
90%
High-School Grad
48.3 sq mi
ZIP Area
711
Density / Sq Mi
$90,422
Median Household Income
$48,531
Median Earnings
$1,097
Median Rent
$283,800
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 - Multi-tenant retail center with grocery, service, restaurant, shipping, and medical-oriented uses at a signalized intersection.
Where is this shopping center located?
The property is located at 3350 Robinwood Rd Gastonia, NC.
What is the asking price?
The asking price for this property is $13,552,700.
What are key features of this property?
This property features: 68,767‑square‑foot grocery‑anchored shopping center; Harris Teeter anchor with Great Clips, The UPS Store, and Hungry Howie's Pizza; Signalized intersection of Robinwood Road and Kendrick Road
