Property profile

2575 Nc Highway 105 Boone, NC 28607

OFF-MARKET
Retail properties & Spaces
55,650 SF 0.94 ac lot
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Property summary

AI-generated overview

Highland Commons, a 55,650 square foot retail center located at 2575 NC Highway 105 S in Boone, NC 28607, presents a compelling investment opportunity. This all-brick center boasts a prime location on Highway 105 South at Poplar Grove Road, enjoying high visibility and accessibility. The property sits on a 0.94-acre lot and currently features two suites, with 1,500 square feet of vacant space immediately available. Benefitting from its proximity to Appalachian State University, with its approximately 20,000 student population, Highland Commons experiences significant daily traffic, estimated at nearly 30,000 vehicles. The center is anchored by a well-established Ingles Grocery Store and Pet Supplies Plus, providing strong co-tenancy and drawing a consistent customer base. This thriving market area offers excellent potential for a variety of retail businesses seeking a high-traffic location near a major university. The available 1,500 square foot space provides flexibility for various retail concepts. This 0.94-acre outparcel presents a unique opportunity for expansion or development within a proven retail environment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 55,650 SF
Lot 0.94 ac (40,946 SF)

Cap rate & NOI

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

Location

2575 Nc Highway 105 Boone, NC 28607
Boone 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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