Map of Property

Morganton Heights

400 Henredon Road, Morganton, NC 28655

  • For Sale $41,368,000
  • Property Type Retail - Power Center
  • Property Size 284,566 SF
  • Lot Size 61.26 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2013
  • Date Updated Apr 23, 2024
-Morganton Heights is a stabilized, daily needs power center that is shadow anchored by Walmart. Over 88% 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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Attachments

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
  • 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

Contacts

broker

Chris Kostanecki

CP Partners

(415) 274-2701

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Carbon City Quality Plus

    1.20 miles

  • Exxon

    1.33 miles

  • Exxon

    1.54 miles

  • Freedom Plaza

    2.32 miles

  • Speedway

    2.55 miles

  • Motor Pool

    1.04 miles

  • Overflow Parking

    9.47 miles

  • Dilishi Frozen Yougart

    0.05 miles

  • China King Buffet

    0.05 miles

  • Hwy 55 Restaurant

    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

    0.12 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

  • Ingles

    1.01 miles

  • Laos Lanxang Asian Grocery Store

    1.18 miles

  • Roses

    1.66 miles

  • Old Salem General Store & Arcade

    1.69 miles

Frequently Asked Questions

What is the lease rate for Morganton Heights?

Rental asking rate at Morganton Heights is $20,684,000.00/YR.

What is the total square footage of Morganton Heights?

Morganton Heights totals 284,566 square feet.

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Contact Listing Broker

broker

Chris Kostanecki

CP Partners

(415) 274-2701