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 Sep 10, 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