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    New Market Ctr Boone, NC 28607

    Sponsored
    For Lease
    Contact for pricing

    Prime location, strong tenant mix, 0.75 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.75-acre retail pad, known as New Market Center, presents a unique investment opportunity in Boone, NC. Situated directly off the recently upgraded Highway 421, this property enjoys unparalleled visibility and accessibility. Its prime location is just one mile from downtown Boone and Appalachian State University, providing access to a substantial student population of over 18,000. The center boasts a robust tenant roster, anchored by a newly renovated Lowes Foods, showcasing their innovative "Home Grown" concept, Regal Cinemas—Boone's only movie theater—and Big Lots, a long-standing tenant of nearly 20 years. This strong tenant mix includes a blend of national and local businesses, ensuring consistent occupancy and revenue streams. The property's excellent location, combined with its established tenant base and high traffic volume, makes it an ideal investment for discerning buyers seeking a stable and profitable retail venture in a thriving college town. The site offers significant potential for growth and expansion within a well-established and successful retail center. This is a rare opportunity to acquire a highly desirable retail property in a rapidly growing market.

    Property Features for 0 New Market Ctr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • Prime Boone, NC retail pad, directly off newly improved Highway 421, one mile from downtown and Appalachian State University (18,000+ students).
    • Anchored by a newly renovated Lowes Foods (Home Grown concept), Regal Cinemas (Boone's only movie theater), and Big Lots (20+ year tenant).
    • Strong tenant mix of national and local businesses.
    • Excellent small shop occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Boone
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.6614526
    Latitude
    36.2196902

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    Nearby Similar for Lease

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      Premier Retail Destination in Boone

      Retail space available in Boone's premier shopping center.
      New Market Ctr, Boone, NC 28607
      View Details
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      229 Nc-105 Ext

      Medical offices • 2.55 Acres
      229 Nc-105 Ext, Boone, NC 28607
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    FAQs

    What type of property is this?
    Individual retail property - Prime location, strong tenant mix, 0.75 acres.
    Where is this individual retail property located?
    The property is located at New Market Ctr Boone, NC.
    What are key features of this property?
    This property features: Prime Boone, NC retail pad, directly off newly improved Highway 421, one mile from downtown and Appalachian State University (18,000+ students).; Anchored by a newly renovated Lowes Foods (Home Grown concept), Regal Cinemas (Boone's only movie theater), and Big Lots (20+ year tenant).; Strong tenant mix of national and local businesses.
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    New Market Ctr Boone, NC 28607
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    Boone, NC 28607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    New Market Ctr Boone, NC 28607
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