Property profile

2515 Springs Rd Hickory, NC 28601

OFF-MARKET
Retail properties & Spaces
81,208 SF Built 1995
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Property summary

AI-generated overview

This exceptional retail investment opportunity presents Springs Corner Shopping Center, a Class B property located at 2515 Springs Rd NE in Hickory, North Carolina. The center boasts a total of 81,208 square feet across two single-story buildings, situated on a generous 10.08-acre lot. Built in 1995 and renovated in 2001, the property offers ample parking with 300 spaces available for customers and tenants. Currently, there is 36,830 square feet of vacant space available, presenting a significant opportunity for expansion or new tenants. The available spaces range in size from 630 square feet to 39,601 square feet, catering to a variety of retail businesses. The property's location in Catawba County (APN: 372309271091), with its high visibility and convenient access, makes it an attractive proposition for investors seeking a strong return. The multiple tenancy structure provides diversification and potential for increased rental income. This well-maintained center offers a solid foundation for future growth and profitability in a thriving retail market. The property's size, location, and existing infrastructure make it an ideal investment for both experienced and emerging investors in the North Carolina retail sector. The significant vacant space presents a unique opportunity to customize the property to meet the needs of prospective tenants and maximize rental income.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1995
Total area 81,208 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Gym & Fitness Center
  • Pharmacy

Location

2515 Springs Rd Hickory, NC 28601
Hickory metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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