Charlotte CSA Retail Center | $518K NOI | 78% Nationals | 5.8 Yr WALT

Highlights:

• 93.9% Occupied Neighborhood Retail Center
• National and Regional Tenant Roster
• ±5.8-Year WALT with Built-In Rent Growth
• Defined Lease-Up and Outparcel Upside

Description:

For more information visit this link at: https://rimarketplace.com/auction/3393/retail/morganton/nc?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october21_2026&utm_content=retail_3393

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Mimosa Hills Shopping Center is a ±99,100-square-foot neighborhood retail center located at 903-915 W Union Street in Morganton, North Carolina. The Property is ±93.9% occupied and generates approximately $518,000 in in-place budgeted NOI, anchored by Ollie’s, Kimbrell’s, Planet Fitness, and Dollar General, which collectively occupy ±78.1% of GLA. Situated on ±9.59 acres, the center includes 390 parking spaces, prominent signage, multiple access points, a ±6,000-square-foot vacancy, and potential outparcel development. Renovated in 2025 following Hurricane Helene-related flooding, all displaced tenants returned after restoration, generally at rents equal to or above prior levels. The Property fronts W Union Street/US-70 near W Fleming Drive, where combined traffic reaches approximately 35,900 VPD, and sits ±0.5 mile from Walmart-anchored Morganton Heights and ±2 miles from I-40. High Intensity District zoning supports continued retail and commercial use, subject to applicable restrictions and approvals.