975 Blowing Rock Blvd

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975 Blowing Rock Blvd

Lenoir, NC 28645
Asking Price
$3.33M
Asset Type
Retail
Class
Class B

What's Special

Located at 975 Blowing Rock Boulevard, this retail property is situated along a primary commercial corridor in Lenoir, North Carolina. The surrounding neighborhood features a mix of established national retailers, local service businesses, and dining options. The site offers direct frontage on US Highway 321, providing significant visibility and high traffic counts for vehicles traveling between Hickory and the Blue Ridge Mountains. Accessibility is supported by multiple ingress and egress points, connecting the property to both local residential districts and regional transportation networks. The property is suited for a variety of general retail applications, including storefront galleries, specialty boutiques, or high-traffic convenience services. Its location along a major thoroughfare makes it a viable choice for tenants seeking regional exposure and easy customer access. Ideal occupants include national franchises, service-oriented commercial providers, or local retailers looking to capitalize on the steady commuter and tourist traffic characteristic of the Blowing Rock Boulevard corridor.

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NOI
$80,000
Cap Rate
2.40%
DSCR
0.40
Underwater
Cash-on-Cash
-11.78%
Monthly Payment
$16,475.023
Annual Cash Flow
$-117,700.277

Location & Travel Times