Map of Property

Morganton Heights

For Sale

400 Henredon Road, Morganton, NC 28655

This Morganton property for sale is located at 400 Henredon Road. The current listed sale price for Morganton Heights is $36,230,000. Morganton Heights is situated on a lot that is 61.26 acre in size.

Contacts

broker
Chris Kostanecki

CP Partners

Property Details

  • Property Type Retail - Power Center
  • Property Size 284,566 SF
  • Lot Size 61.26 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Renovated 2013
  • Date Updated Dec 5, 2024
-Morganton Heights is a stabilized, daily needs power center that is shadow anchored by Walmart. Over 86% of the current GLA is leased to nationally-recognized retailers. The subject property was constructed in 2013 and is professionally managed and maintained by the current ownership group.
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Highlights

  • Morganton Heights is adjacent to a Walmart Supercenter (NAP), and is anchored by daily needs retailers including TJ Maxx, Ross, Dick’s Sporting Goods, and Belk
  • Belk is a separately parceled ground lease, and is paying an extremely low rent of $2.75/ft
  • TJ Maxx is in its first of four options, and has a scheduled 12.90% rental increase at the start of Option 2 (effective 11/01/28)
  • Ross, Dick’s, Jo-Ann Fabrics, Dollar Tree, PetSmart are all in their first options as well, displaying commitment to the center
  • ULTA, Jersey Mike’s, Staples, Verizon, GNC, AT&T, and China King have all recently extended their leases; Nails R Us recently expanded its store into the adjacent suite and extended its term
  • According to Placer.ai, Morganton Heights receives approximately 5.1 million annual visitors, and ranks in the top 25% of power centers within the state of North Carolina
  • The subject property is located less than 75 miles from downtown Charlotte

Attachments

Getting around

  • 46/100

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  • 30/100

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Location

  • City Morganton, NC
  • Zip Code 28655

Points of Interest

  • Murphy USA

    0.14 miles

  • Citgo

    0.68 miles

  • Speedway

    0.69 miles

  • Exxon

    0.72 miles

  • Raceway

    0.85 miles

  • Marathon

    0.94 miles

  • Ingles

    1.03 miles

  • Carbon City Quality Plus

    1.20 miles

  • Sheetz

    1.50 miles

  • Motor Pool

    1.04 miles

  • Dilishi Frozen Yougart

    0.05 miles

  • China King Buffet

    0.05 miles

  • Hwy55

    0.06 miles

  • Pizza Hut

    0.06 miles

  • El Portal Mexican Restaurant

    0.07 miles

  • Subway

    0.08 miles

  • Jersey Mike's Subs

    0.09 miles

  • Applebee's

    0.13 miles

  • Panera Bread

    0.15 miles

  • Golden Corral

    0.19 miles

  • Walmart Supercenter

    0.09 miles

  • Ross

    0.15 miles

  • TJ Maxx

    0.16 miles

  • Belk

    0.19 miles

  • Food Lion

    0.76 miles

  • ALDI

    0.85 miles

  • Big Lots

    1.00 miles

  • Ingles

    1.01 miles

  • Laos Lanxang Asian Grocery Store

    1.18 miles

  • Buzze's Creamery & General Store

    1.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Chris Kostanecki

CP Partners