634 Independence Blvd, Morganton, N

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634 Independence Blvd, Morganton, N

Morganton, NC 28655
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

634 Independence Blvd is located along a primary commercial corridor in Morganton, North Carolina. The surrounding neighborhood is characterized by a mix of established retail centers, professional services, and national chain restaurants. The property offers direct frontage and visibility on Independence Blvd, a major local thoroughfare that connects the site to the downtown district and Interstate 40. Nearby amenities include grocery-anchored shopping plazas and various local medical facilities, ensuring steady regional traffic and ease of access for local commuters. The property is suited for a range of retail use cases, including specialty boutiques, service-oriented businesses, or small-scale showrooms. The location’s high visibility and proximity to residential neighborhoods make it an ideal fit for tenants seeking to capture both local foot traffic and drive-by shoppers. Typical tenant profiles for this asset include independent retailers, regional franchise operators, or professional service providers looking for a functional space within a high-activity commercial zone.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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