Goodwill & Employment Center
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
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