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903-915 W Union St
Morganton, NC 28655

$1,750,000 USD

Storefront For Sale  •  98,876 SF

Property Details

  • Property Type Storefront
  • Total Building Size 99,100 SF
  • Lot Size 9.59 AC
  • Building Class C
  • Year Built 1968
  • Tenancy Multiple
  • Zoning NC
40 Walk Score

Highlights

STARTING BID $1,750,000 | Charlotte CSA Retail Center | $518K NOI | 78% Nationals | 5.8 Yr WALT | AUCTION OCTOBER 19-21
93.9% Occupied Neighborhood Retail Center - ±99,100 SF asset generates approximately $518K in-place NOI with diversified tenancy
National and Regional Tenant Roster - Ollie’s, Kimbrell’s, Planet Fitness, and Dollar General occupy approximately 78.1% of GLA
Primary Morganton Retail Corridor Position - W Union Street/US-70 and W Fleming Drive provide ±35,900 combined VPD near major retailers
±5.8-Year WALT with Built-In Rent Growth - Staggered expirations, rent increases, reimbursements, and options support durable cash flow
Defined Lease-Up and Outparcel Upside - ±6,000 SF vacancy and potential pad development create multiple paths to incremental NOI growth

Property Flyers

Amenities

  • Pylon Sign
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 390
Type: Surface
Included in Rent: Yes
Philip Kates 305-206-1286 Marcus & Millichap
Philip Kates 305-206-1286 Marcus & Millichap