Hickory Corners Shopping Center

Location: Hickory, NC
Type: Retail
Price: $ 8,700,000

SMC has provided an $8,700,000 loan to refinance a 177,663 SF anchored retail center located in Hickory, North Carolina, approximately 50 miles northwest of Charlotte, NC. The Subject is currently 90.5% leased to 12 tenants. The Subject has been at least 92% occupied over the past five years. The largest tenants currently occupying the Property are North Carolina department store Hamrick’s, Food Lion, Toys R Us and Office Max. The balance of the space is leased to nine national and local retail tenants, with no one tenant comprising more than 5.0% of the total net rentable area