Investment property - 3 fully leased spaces

1234 Hwy 70 SW Hickory, NC 28602

1234 Hwy 70 SW, Hickory, NC, 28602
1234 Hwy 70 SW, Hickory, NC, 28602
FOR SALE NNN Property
Property Type:
Strip Center
Amount:
$979,000
Last Verified:
Jan 09, 2018

  • ± 7,760 total SF, 3 fully leased spaces
  • Space 1: ± 4,160 SF Tenant: Nakama Japanese Steakhouse
  • Space 2: ± 1,800 SF Tenant: Rent-A-Center, Inc.
  • Space 3: ± 1,800 SF Tenant: Legacy Amusements, LLC
  • 2017 NOI: ± $83,242
  • Hwy 70 traffic count: 16,000 AADT

Map of 1234 Hwy 70 SW, Hickory, NC, 28602

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.