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Property profile & analytics
FOR LEASE
Strip malls

1009 Blowing Rock Blvd Lenoir, NC 28645

17,328 SF 2.08 ac lot Built 2008
Entity Owned 5-yr Hold
Property ID
US53-3196364
Property summary
AI-generated overview

This exceptional retail opportunity is located at 1009 Blowing Rock Blvd in Lenoir, North Carolina, within the North Hill Crossing shopping center. The property is a Class B building constructed in 2008, offering a total of 17,328 square feet across a single suite. Currently, 1,325 square feet of retail space is available for lease. The building enjoys a highly desirable location directly adjacent to a Walmart Supercenter, ensuring significant foot traffic and visibility. This strategic placement is further enhanced by the presence of strong national co-tenants including Petsense, Great Clips, GNC, Sally Beauty, and GameStop, creating a robust and established retail environment. The property's address is 1009 Blowing Rock Blvd, Lenoir, NC 28645, in Caldwell County. This space presents a unique chance to establish or expand a retail business in a thriving commercial center with excellent visibility and a proven track record. The property is categorized as a multiple-tenancy retail space. The building's size and the presence of established businesses make this an attractive investment for retailers seeking a high-traffic location in a well-established shopping center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,328 SF
Lot 2.08 ac (90,605 SF)
APN 09115 2 4
UPID US53-3196364
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Empire Buffet Restaurant Buffet
  • GNC (Bike/Boat/Book/etc) Store Pharmacy
  • GameStop Arcade & Gaming Center Electronics & Wireless Store
  • Carolina West Wireless Mobile Phone Store Electronics & Wireless Store
  • Petsense by Tractor Supply (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.96M
CAP Approach CAP
$2.59M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.61M
Owner & transaction history
Pgp Lenoir 1 LLC · 5 yrs held
Pgp Lenoir 1 LLC
since 2021
Last sale
$3.6M
7 recorded transactions
2021
$3.6M
2014
$3.0M
2012
$2.2M
2008
$600,000
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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