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South of 1862 US Hwy 70 SE
Hickory, NC 28602
7 Brew · Hospitality Property For Sale · 122 Rooms

Investment Highlights

  • HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
  • NEW CONSTRUCTION SITE
  • HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR

Executive Summary

ATTRACTIVE LEASE FUNDAMENTALS
- 15-year lease term with 10% rental increases every five years throughout the base and option periods
- Absolute NNN ground lease structure with zero landlord responsibilities
- Hands-off investment providing stable, long-term cash flow from a rapidly expanding coffee operator
HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS
- Recognized as the economic center of the Catawba River Valley
- Two universities support growth: Lenoir-Rhyne University and Appalachian State University
- Strong demographics: $80K+ average household income and 70K+ population within 5 miles
HICKORY-LENOIR-MORGANTON MSA
- Population of ~370,000 across the metro area
- Competitive labor market with unemployment below national averages
- Catawba County median household income of ~$68,000
- Retail sales exceed $4.1B annually within the county
HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR
- Prominent frontage along Hwy 70 with 20,000+ vehicles per day
- Cross-access to signalized light offers excellent visibility and access for commuter and local traffic
- Over 4.4M SF of retail located in 1-mile radius
- Nearby Major Retailers include: Chick Fil A, Target, Best Buy, Home Depot
NEW CONSTRUCTION SITE
- Brand-new drive-thru building scheduled for completion in 2026
- Built to 7 Brew’s latest design standards with high-volume operational capacity for efficient service
PROXIMITY TO I-40 AND HICKORY BLVD
- Less than 2 miles from the interchange of Interstate 40 and U.S. Route 321
- Interstate 40 is a primary east–west corridor connecting the Charlotte metropolitan area to western North Carolina
- Direct access to U.S. Route 70 (22,500 VPD) supporting strong commuter traffic

Property Facts

Price Per Room $23,375 CAD
Sale Type Investment
Cap Rate 6%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.91 AC
Construction Status Final Planning
Building Size 510 SF
No. Rooms 122
No. Stories 1
Year Built 2026
Corridor Interior

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 122 $188.93 CAD -
  • Listing ID: 39808415

  • Date on Market: 2026-03-17

  • Last Updated:

  • Address: South of 1862 US Hwy 70 SE, Hickory, NC 28602

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