You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $620,000
Super regional malls

111 Garrison Blvd Gastonia, NC 28052-4649

44,197 SF 4.02 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-1093183
Property summary
AI-generated overview

This exceptional portfolio comprises nine net-leased retail properties strategically located across North Carolina and South Carolina. The properties, totaling 3,925 to 39,625 square feet, boast a diverse tenant mix of nationally recognized brands including Dollar General, Walgreens, CVS Pharmacy, Family Dollar, Food Lion, Bojangles, and Goodyear Auto Service. The portfolio benefits from a weighted average remaining lease term of 10 years, with corporate guarantees in place, ensuring consistent cash flow. The properties are situated in established trade areas with convenient access to major thoroughfares, and exhibit a strong track record of performance, reflected in the current 100% occupancy rate and a substantial net operating income (NOI) of $2,161,314.96, yielding a 5.27% cap rate. Lot sizes range from 0.68 to 4.02 acres. Years built vary, ranging from 1960 to 2020, showcasing a blend of established and newer properties. This rare opportunity presents a compelling investment proposition for discerning buyers seeking a stable, high-performing retail portfolio in a dynamic market. The portfolio offers a diversified tenant base, long-term leases, and significant upside potential. Individual property details, including lease terms and specific NOI figures, are available upon request. This portfolio represents a unique chance to acquire a legacy asset with substantial long-term value.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1985
Total area 44,197 SF
Lot 4.02 ac (175,111 SF)
Zoning code SHOP1
APN 109000
UPID US53-1093183
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
  • Coinstar Currency Exchange Service Kiosk
  • Western Union Bank Credit Union
  • Food Lion Grocery & Convenience Store Food Market
  • Rent-A-Center Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
$633k
Blend (final) Blend
$620k
Owner & transaction history
Garrison Square LLC · 3 yrs held
Garrison Square LLC
since 2023
2 recorded transactions
2023
Price N/A
2023
$4.0M
Zoning & alternative use
SHOP1 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 111 Garrison Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message