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33853195
33853186

359 West Main Avenue, Gastonia, NC 28052

AD
NC NC 317771
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$2,021,000
1 day on market
Updated 1 day ago

Goodwill & Employment Center

Details
Property Type Retail, Special Purpose
Sub Type Storefront, Career development center (+1)
Square Footage 8,555
Cap Rate 6.35%
NOI $128,325
Occupancy 100%
Tenancy Single
Brand/Tenant Goodwill
Lease Type NN
Lease Expiration 03/31/2034
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $236
Broker Co-Op True
Year Built 2024
Year Renovated 2024
Acreage 0.460
Zoning Commercial
Parking Spaces 20 spaces
Parking Per SqFt 2.34
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/28/2024
Ground Lease No

Retail | 6.35% CAP | 8,555 SqFt

Investment highlights

• Experienced operator | Goodwill Industries of Southern Piedmont, Inc. | 36 retail stores & 40+ donation sites | $187M annual economic impact

• Exceptional tenant commitment | Goodwill gut-renovated and fully modernized the property to current building standards | Currently operates the location as a Career Development Center providing workforce training, job placement, and community services

• Desirable lease term | More than 7 years remaining

• Built-in NOI growth | 10% rent increase in Year 6 followed by 2% annual escalations, providing predictable income growth and an inflation hedge

• Prime downtown location | Signalized corner intersection of W Main Ave & S Chester St with excellent visibility and access | 11,300 VPD combined

• Minimal near-term capital exposure | Roof and HVAC fully replaced during renovation — new white TPO membrane (10-year warranty) and Trane Commercial HVAC units, reducing the buyer’s deferred-maintenance risk

• Strong projected population growth over the next five years | 10.29% growth within a 1-mile radius

• Positioned to benefit from Downtown Gastonia’s ongoing revitalization | Multiple mixed-use, residential, hospitality, and entertainment developments underway, including a future 280-unit Class A multifamily community, Sugar Creek Brewing’s relocation to Downtown Gastonia, and approx. $20M of adaptive reuse investment within the FUSE District

• Attractive population density within a 5-mile radius | 101,641 residents

• 10 minutes from Gaston College | 5,000 students

• Located within one of Gastonia’s primary employment and activity centers | Near CaroMont Regional Medical Center, Gaston College, and Downtown Gastonia’s growing retail, dining, and entertainment district

• Strategically positioned approximately 20 minutes from Charlotte Douglas International Airport and the expanding Charlotte MSA

• Proximate to destination retailers, including Walmart Supercenter, Target, Lowe’s, Sam’s Club, Home Depot, Food Lion, ALDI, McDonald’s, Chick-fil-A, Starbucks, Bojangles, Wendy’s, Taco Bell, Burger King, Zaxby’s, Olive Garden, Chili’s, Panera Bread, Cook Out, Whataburger, and more

Listing Contacts

AD
NC NC 317771
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$128,325.00
$10,693.75/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

Map

Zoning

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CBD CommercialCore CommercialCentral Business District
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Al Dickens
License
NC 317771
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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