2601-2609 S New Hope Rd
Gastonia, NC 28056

Ten-X and Atlantic Retail are pleased to present the opportunity to acquire Redbud Commons, a 63,937 SF grocery-anchored shopping center in rapidly-growing Gastonia, NC, which is the largest city within the Charlotte MSA. Redbud Commons has a history of high occupancy and low turnover of service-oriented tenants in an affluent area with established grocery demand. The property will provide an owner with long-term leases and stable cash flow with the opportunity to add value through the leasing of a vacant 4,028 SF suite, adding approximately $75,000 to the projected Net Operating Income. Redbud Commons is anchored by a BI-LO grocery store with exceptional annual sales. The property enjoys density of 105k people in a 5-mile radius with a projected 5-Year growth rate of over 8%, tremendous traffic counts of 35,000 VPD at the intersection, and a large corner parcel of nearly 9 acres. Redbud Commons is a rare opportunity to purchase a high-quality grocery-anchored center in the immediate Charlotte MSA that has upside. Given the property’s large size, location in the heart of Gastonia’s bustling residential corridor and proximity to Interstate 85, Redbud Commons presents an excellent investment opportunity.