1209 DABNEY DR Henderson NC 27536

This 158,134 SF regional retail center in Henderson, North Carolina, is anchored by a top-performing Food Lion with strong sales that consistently draws daily traffic from the surrounding community. In addition to a long-term Food Lion, the center has fresh leases with Ross, Five Below, Burlington, Hibbett Sports, Mattress Warehouse, and Mavis Tire, creating a diverse lineup of essential, value, and service-oriented retailers that capture a wide consumer base.

Strategically positioned in a well-established trade area on Dabney Drive (19,000 VPD), the property benefits from strong visibility, multiple access points, and a stable tenant roster. Food Lion’s performance solidifies the center as the community’s grocery destination, while Burlington and Ross add complementary soft goods retail, and Mavis Tire drives recurring service-based traffic. The combination of daily needs, national credit tenancy, and value-oriented shopping makes this property a durable income generator and a compelling opportunity for investors seeking stable cash flow with upside potential in a growing regional market.

Several new national tenants, including Burlington, Ross, Five Below, Mattress Warehouse, Hibbett Sports, and Mavis Tire have all signed leases in the last 18 months, demonstrating the desirability and leasability of this center.

The asset has an anchor weighted average lease term of almost 8 years, with 8 of the 10 tenants having contractual rent increases during their initial term. Mariner Finance and Prime Cleaner both have term through 2030 with annual contractual rent increases through the end of their term.

Food Lion has been operating for nearly 30 years. They reported $24.2M ($596 PSF) in sales volume in 2024, representing a health ratio of 1.34%. The national grocer has achieved 4.66% average annual sales growth since 2018.

Located only 45 minutes from Durham and 1 hour from Raleigh, the Henderson market has seen tremendous growth as the Triangle continues to expand and people look for locations with more reasonable costs of living. Additionally, nearby Kerr Lake attracts over 1M visitors annually, which results in $26.9M/year in direct sales in the local area.