1009 Blowing Rock Blvd • Lenoir, NC 28645

Year Purchased: 2021
Purchase Amount: $3,630,000.00
Equity: $1,695,218.00

North Hills Crossing was purchased in April 2021 and is a 16,913 square foot multi-tenant retail center located in Lenoir, NC. Built in 2008, the property is shadow anchored by a high-performing Walmart Supercenter and includes a strong group of largely e-commerce resistant tenants. All of the leases are triple-net leases, which allows for the recapture of Taxes, Insurance, Maintenance and Management Fees. With its diverse tenant base and desirable, high-traffic location, North Hills Crossing offered our investors the prospect of current cash flow stability combined with upside from future leasing and planned rent increases.