Technical
Financial
Distress signals
Property profile

111 Garrison Blvd Gastonia, NC 28052

OFF-MARKET
Super regional malls
Property ID
US53-1093183
44,197 SF 4.02 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Atm Currency Exchange Service
  • Bank Credit Union
  • Grocery & Convenience Store Food Market
  • Electronics & Wireless Store

Location

111 Garrison Blvd Gastonia, NC 28052-4649
Gastonia metro Census 32801 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2023
2 recorded transactions
2023
Price N/A
2023
$4.0M

Zoning & alternative use

SHOP1 · Gastonia, NC

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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