Retail

Badcock Retail

1392 E Franklin Blvd Gastonia, North Carolina United States 28054
Asking Price
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1966
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Asset Description

JLL is pleased to exclusively offer the opportunity to acquire a single-tenant, corporately leased Badcock Home Furniture (the “Property”) in Gastonia, NC, the second largest suburb of the Charlotte MSA. This acquisition opportunity presents a near term upside with the ability to negotiate a long-term landlord favorable renewal given Badcock’s less than one and a half years of remaining term and significantly below market rents.


Investment Highlights

  • Tenant commitment to the location with 34 years of tenure
  • Limited landlord responsibilities
  • Parking lot resealed in 2018
  • Roof membrane replaced in 2018
  • Significantly below market rents
  • Great visibility along the highly-trafficked Andrew Jackson Hwy (23,500 VPD) in the midst of Gastonia’s major retail corridor
Last Updated Date: 24 Mar 2022

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Last Updated Date: 24 Mar 2022

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