2010 Clement Blvd NW
Investment Opportunity | 110,000 SF | Hickory NC
Marketing description
Colliers is proud to present a rare and expansive redevelopment opportunity at 2010 Clement Blvd NW in Hickory, North Carolina. This ±110,000-square-foot institutional facility spans ±14.15 acres and offers a compelling mix of scale, location, and adaptability for investors and developers. The property includes four interconnected buildings, converted Pickleball courts with expansion capability, and a commercial grade kitchen, making it ideal for repurposing into retail, education, entertainment, or community services. With ceiling heights reaching up to 40 feet and zoning that supports industrial and special-purpose uses, the site is well-suited for a motion picture studio, convention center, school campus, or indoor sports complex.
Strategically located just off Highway 321 near Hickory Regional Airport and L.P. Frans Stadium, the property benefits from excellent visibility and accessibility in a growing commercial corridor. The ±14.15-acre lot offers long-term redevelopment or expansion potential, while the existing short-term leases generate strong cash flow with a cap rate of 9.37%. The simple structural design reduces ongoing maintenance and tenant improvement exposure, and the high parking ratio—1,400 spaces at 13.43 per 1,000 SF—supports high-traffic operations. Additionally, demand for small-bay industrial space remains strong in supply-constrained submarkets, positioning this property as a strategic investment with both immediate yield and long-term upside.
Hickory, NC has undergone a remarkable transformation in recent years, evolving from its manufacturing roots into a dynamic and forward-looking community. Fueled by major investments like the $90 million Hickory Trail project, the city has welcomed a wave of new restaurants, breweries, entertainment venues, and multifamily developments that have re-energized its downtown core. Today, Hickory blends small-town charm with modern amenities, attracting residents and visitors alike who seek a vibrant lifestyle in the foothills of the Blue Ridge Mountains.
Investment highlights
- Redevelopment Opportunity: This property presents a rare investment opportunity in a highgrowth submarket, offering long-term potential for redevelopment or expansion. Its large scale supports phased development, future parceling, and mixed-use possibilities—making it an especially attractive option amid limited availability of sizable parcels in the area.
- Short-Term Leases with High Yield Potential: This asset delivers attractive short-term income with high-yield leases and a strong cap rate ranging from 9% to 11%, presenting a compelling opportunity for investors seeking immediate returns and cash flow efficiency.
- Simple Structural Design: These four interconnected buildings feature simple layouts that minimize maintenance and tenant improvement costs, while offering flexibility for reconfiguration or multi-tenant use—enhancing operational efficiency and adaptability.
- Demand for Small-Bay Industrial Space: Positioned in Hickory’s tight industrial market—especially for small-bay units—this property offers high ceilings (up to 40 feet) and favorable zoning for light manufacturing, warehousing, or flex use, with strong leasing appeal for local businesses and service providers.
- Ample Parking & Accessibility: With 1,400 parking spaces and an outstanding 13.43:1,000 SF ratio, the property offers prime accessibility and visibility near Highway 321, Hickory Regional Airport, and L.P. Frans Stadium—making it ideal for high-traffic operations and logistics-oriented tenants.
- Size - 14 Acres
- Lease - Mom-Pop tenants on <1 year Leases
- Cap Rate - 9.37% • Offers long-term redevelopment or expansion value
- Simple structures reduce ongoing maintenance and TI exposure
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
