Log In/Sign Up
Your email has been sent.
Gabe's & Sauder 197 S New Hope Rd 93,068 SF Retail Building Gastonia, NC 28054 $13,701,175 CAD ($147.22 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
Building Size
93,068 SF
Building Class
B
Year Built/Renovated
1978/2015
Price
$13,701,175 CAD
Price Per SF
$147.22 CAD
Cap Rate
7.65%
NOI
$1,047,738 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.28
Lot Size
7.64 AC
Zoning
C-3 - Commercial
Parking
466 Spaces (5.01 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- 49,936 SF
- -
- Mar 2030
Fondé en 1961 à Morgantown, en Virginie-Occidentale, Gabe's est l'un des principaux détaillants à prix réduit offrant des marques de premier plan et plus à moindre coût. Depuis son ouverture il y a plus de 60 ans, Gabe's a mis l'accent sur le fait d'être la destination pour les meilleures offres sur tout ce dont vous avez besoin. Les acheteurs peuvent obtenir jusqu'à 70 % d'économies sur les prix des grands magasins sur la mode et les chaussures pour toute la famille, ainsi que sur la maison, le garde-manger et plus encore, grâce à de nouvelles offres livrées quotidiennement.
- 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 |
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
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Gabe's & Sauder | 197 S New Hope Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.