Property profile

0 New Market Ctr Boone, NC 28607

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

New Market Ctr 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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