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Gabe's & Sauder 197 N Old New Hope Rd 93,068 SF 100% Leased Retail Building Gastonia, NC 28054 $13,769,701 CAD ($147.95 CAD/SF) 7.65% Cap Rate
INVESTMENT HIGHLIGHTS
- UPSIDE THROUGH NEAR-TERM RE-LEASING
- POSITIONED IN DENSE RETAIL NODE
- CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
EXECUTIVE SUMMARY
ATTRACTIVE LEASE FUNDAMENTALS
- Two-Tenant NNN Center
- Gabe’s Lease Includes 10% Increases at Each Option, Sauders Lease Includes 3% Increases at Each option
- Provides Built-In Inflation Hedge
- Current WALT of 2.73 Years
UPSIDE THROUGH NEAR-TERM RE-LEASING
- Short WALT (2.73 Years) Creates Opportunity to Capture Market Rent Growth
- Excellent ReTenanting Potential with Modernized Building and Strong Location Fundamentals
POSITIONED IN DENSE RETAIL NODE
- Within a 1-mile radius of the subject site is more than 2.7M SF of retail space
- Site is also positioned Along New Hope Road in Gastonia’s Main Retail Corridor
- Surrounded by National Credit Tenants Including Walmart, Target, and Lowe’s
- Excellent Accessibility and Visibility
NEARBY ANCILLARY CUSTOMER BASE
- Property Benefits from Continuous Traffic Between Akers Center and Eastridge Mall, Located Directly Across the Street
- Eastridge Mall is Anchored by Belk, Dillard’s, and Cinemark
- Constant Flow of Shoppers Provides Strong Ancillary Customer Base and Increased Sales Potential for On-Site Tenants
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
REGIONAL CONSUMER DRAW
- Gastonia Serves as a Primary Retail Hub for Western Charlotte Metro
- Over 114K Residents Within 5 Miles
- Steady Population and Income Growth Supports Tenant Sale
- Two-Tenant NNN Center
- Gabe’s Lease Includes 10% Increases at Each Option, Sauders Lease Includes 3% Increases at Each option
- Provides Built-In Inflation Hedge
- Current WALT of 2.73 Years
UPSIDE THROUGH NEAR-TERM RE-LEASING
- Short WALT (2.73 Years) Creates Opportunity to Capture Market Rent Growth
- Excellent ReTenanting Potential with Modernized Building and Strong Location Fundamentals
POSITIONED IN DENSE RETAIL NODE
- Within a 1-mile radius of the subject site is more than 2.7M SF of retail space
- Site is also positioned Along New Hope Road in Gastonia’s Main Retail Corridor
- Surrounded by National Credit Tenants Including Walmart, Target, and Lowe’s
- Excellent Accessibility and Visibility
NEARBY ANCILLARY CUSTOMER BASE
- Property Benefits from Continuous Traffic Between Akers Center and Eastridge Mall, Located Directly Across the Street
- Eastridge Mall is Anchored by Belk, Dillard’s, and Cinemark
- Constant Flow of Shoppers Provides Strong Ancillary Customer Base and Increased Sales Potential for On-Site Tenants
CHARLOTTE, NC - A TOP PERFORMING MARKET NATIONALLY
- Charlotte MSA has added more than 215K people from 2020 to 2024, making it the 5th fastest growing city in the country
- The Charlotte, NC region is expected to add 1.5 million residents and reach 4.5M by 2050
REGIONAL CONSUMER DRAW
- Gastonia Serves as a Primary Retail Hub for Western Charlotte Metro
- Over 114K Residents Within 5 Miles
- Steady Population and Income Growth Supports Tenant Sale
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
93,068 SF
Building Class
B
Year Built/Renovated
1978/2015
Price
$13,769,701 CAD
Price Per SF
$147.95 CAD
Cap Rate
7.65%
NOI
$1,052,978 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
7.64 AC
Zoning
C-3 - Commercial
Parking
415 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- 49,936 SF
- -
- Mar 2030
Founded in 1961 in Morgantown, West Virginia, Gabe’s is a leading off-price retailer offering top brands and more for less. Since opening more than 60 years ago, Gabe’s has focused on being the destination for the very best deals on everything you need. Shoppers can find up to 70% savings off department store prices on fashion and footwear for the entire family, plus home, pantry and more, with new deals delivered daily.
- Sauder
- Retailer
- 43,132 SF
- -
- Jun 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | 49,936 SF | - | Mar 2030 | ||
| Sauder | Retailer | 43,132 SF | - | Jun 2026 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 43,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 43,000 SF | Retail | - | Now |
1st Floor
| Size |
| 43,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 109862 | Improvements Assessment | $6,230,523 CAD |
| Land Assessment | $1,931,913 CAD | Total Assessment | $8,162,436 CAD |
PROPERTY TAXES
Parcel Number
109862
Land Assessment
$1,931,913 CAD
Improvements Assessment
$6,230,523 CAD
Total Assessment
$8,162,436 CAD
CONTACTS
-
David Hoppe -
Jordan Gomez -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Gabe's & Sauder | 197 N Old New Hope Rd
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