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Property profile & analytics
FOR LEASE
Super regional malls

1960 Us Highway 70 SE Hickory, NC 28602

385,204 SF 16.75 ac lot Built 1978
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US53-1394580
Property summary
AI-generated overview

This exceptional retail property, Valley Hills Mall, located at 1960 US Hwy 70 SE in Hickory, North Carolina (zip code 28602), presents a diverse range of leasing opportunities within a thriving shopping center. Situated in Catawba County, this established mall offers 34 available spaces, catering to a wide spectrum of retail businesses. Space sizes vary considerably, ranging from a compact 373 square feet to expansive units measuring 177,869 square feet, providing flexibility for businesses of all scales. The property is classified as a retail shopping mall with a dedicated food court, ensuring high foot traffic and diverse customer demographics. The multiple tenancy structure allows for a vibrant and synergistic retail environment. This prime location in Hickory offers excellent visibility and accessibility, making it an ideal choice for businesses seeking to establish or expand their presence in a bustling commercial area. The property's strategic positioning along US Hwy 70 SE guarantees significant exposure to a large customer base. Interested parties are encouraged to inquire about available spaces and lease terms to explore the potential of this dynamic retail center. The property's size and layout offer significant potential for a variety of retail concepts. This is a rare opportunity to secure a prominent position within a well-established and successful shopping mall in a rapidly growing area of North Carolina.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1978
Total area 385,204 SF
Lot 16.75 ac (729,630 SF)
Zoning code C-3
APN 3711-07-58-6889
UPID US53-1394580
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
  • The White Barn Candle Co. Home Decor Store
  • Kay Jewelers (Bike/Boat/Book/etc) Store
  • Avis Car Rental Car Rental Facility
  • Chick-fil-A Take-out & Catering Catering Service
  • US Marine Corps Recruiting Military Recruiting Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$53.62M
Owner & transaction history
Valley Hills Realty LLC · 3 yrs held
Valley Hills Realty LLC
since 2023
Last sale
$55.9M
3 recorded transactions
2023
$55.9M
2016
Price N/A
1969
Price N/A
Zoning & alternative use
C-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $35.8M +351.5%
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More about this property
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