Exceptional 30 acre site

30 ACRESHICKORY

N O R T H C A R O L I N A

I-40 interchange at exit 125/ McDonald Parkway in Hickory, NC.

+ Hickory MSA with 350,000 population + Vibrant and business friendly environment.

Corning building new $60,000,000 cable plant. + Kiplinger names Hickory “Top 10 Place to Retire”

recognizing exceptional affordability, dinning, arts, education, health care, recreation, climate and nearby places to visit.

+ Hickory vision includes $500,000 in private

investment, 8,000 new jobs, 1,750 new homes and a 3,500 increase in population.

.01Redevelop idle commercial and industrial properties to maximize underutilized assets.

.02Provide opportunities to create regional destinations along the river and downtown.

.03Focus on downtown housing, and establish aneighteen-hour downtown, attracting new citizens, including those from a younger demographic.

.04Promote a healthy lifestyle with opportunities for walking, biking, canoeing, mountain biking, etc.

.05Provide hospitality opportunities and linkages toquality of life events downtown, in the City’s parks, restaurants, and the SALT Block.

.06Preserve values and aesthetics in existingneighborhoods along the corridor.

$500MPRIVATE INVESTMENT

8,000NEW JOBS

1,750NEW HOUSING UNITS

3,500POPULATION INCREASE

PA R C E L B R E A K D O W N

28.43 ACRESParcel 372105199587

.79 ACRESParcel 372105293176

.85 ACRESParcel 372105292123

.73 ACRESParcel 372106295028

A catalyst for economic growth and revitalization

designed to achieve the following goals by 2035:

A E R I A L

P R O P E R T Y H I G H L I G H T S

The site is located on Exit 126 (McDonald Blvd) and I-40. This is a primary entrance

way into the Hwy 70/ Catawba Valley Blvd. commercial district which serves the

Hickory-Morganton –Lenoir MSA.

McDonald Pkwy was completed in 2007 and quickly brought businesses and

developments to the I-40 exit and along the Hwy 70 corridor.

Hickory MSA Population: 365,000

High daily traffic counts along McDonald Pkwy, in front of the site, as well as Hwy 70

and I-40.

Zoning: C-3

Multifamily and residential developers/builders as well as supporting commercial usesD E S I R E D E N D U S E R S

C L O S E U P A E R I A L

360216

T H E A R E A

There is tremendous opportunity on this site to provide various

forms of housing in an underserved and growing market. Residential

needs are multifamily, age targeted and high density residential.

DEMOGRAPHIC COMPREHENSIVE

1584 21ST ST DR SE

NAME LATITUDE LONGITUDE

1584 21ST ST DR SE 35.7013578931627 -81.2821833641015

©2019 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:412257

D E M O G R A P H I C C O M P R E H E N S I V E

1 MILE 5 MILES 10 MILESPLACE OF WORK 2018 Businesses 231 4,033 6,233

2018 Employees 5,054 65,080 97,114

POPULATION 2018 Population - Current Year Estimate 910 67,342 156,143

2023 Population - Five Year Projection 915 68,946 159,538

2010 Population - Census 912 65,254 151,696

2000 Population - Census 863 61,592 139,480

2010-2018 Annual Population Growth Rate -0.03% 0.38% 0.35%

2018-2023 Annual Population Growth Rate 0.11% 0.47% 0.43%

HOUSEHOLD INCOME 2018 Households 309 26,863 61,249

Under $15,000 66 21.4% 3,898 14.5% 7,582 12.4%

$15,000-$24,999 52 16.8% 3,466 12.9% 7,196 11.8%

$25,000-$34,999 90 29.1% 3,685 13.7% 7,654 12.5%

$35,000-$49,999 50 16.2% 4,468 16.6% 9,431 15.4%

$50,000-$74,999 30 9.7% 4,726 17.6% 12,011 19.6%

$75,000-$99,999 11 3.6% 2,554 9.5% 7,099 11.6%

$100,000-$149,999 5 1.6% 2,627 9.8% 6,208 10.1%

$150,000-$199,999 2 0.7% 779 2.9% 1,960 3.2%

$200,000 and Over 3 1.0% 660 2.5% 2,108 3.4%

2018 Average Household Income $36,392 $59,086 $65,367

2023 Average Household Income $40,865 $67,280 $74,578

2018 Median Household Income $27,963 $41,711 $47,424

2023 Median Household Income $29,503 $47,296 $53,041

2018 Per Capita Income $14,258 $24,212 $26,003

2023 Per Capita Income $15,713 $27,412 $29,547

J O B C R E A T I O N

Craftsmanship, culture and community are the heart of Hickory, North Carolina.

Entrepreneurship is encouraged and fostered. Over 10,800 jobs have been created since

2000 and $4.2 billion in investment. A few job announcements to note in 2018 include

Bassett Furniture, Corning, Incorporated Progressive Furniture, Apple Incorporated

and Cargo Transporters. Hickory is also home to the Shurtape Technologies, LLC new

distribution center and furniture manufacturing facility- resulting in an investment of

$31.4 million and over 100 new jobs. This will be the Shurtape’s largest distribution

facility and serve the entire Southeast. According to the Charlotte Business Journal,

“Corning Inc. will build an optical cable plant in Hickory and add 110 to its Catawba

County workforce, making North Carolina the No. 2 employment center for the

company.” The Corning Inc average wage will exceed $50,000/year for all employees.

Q U A L I T Y O F L I F E

• Flanked by the Appalachian Mountains with desirable weather for year round live style.

• Hickory is known for its business friendly environment and high quality of life.

• Symphony and choral concerts, and community theatre performances.

• Lively parks with splash pads (For example: Kiwanis Park

Splash Pad and Lowes Food’s City Park)

• Science and History museums

• Live music in outdoor concert venues

• Quaint and farm to table restaurants

• Craft beer scene

• Mountain Bike Trail which underwent recent improvements

• Kiplinger has recognized Hickory as “A Great Place to Retire”

• Smart Asset has ranked Hickory as “A Best Place to Retire”

• “Best Place to Live” recognitions come from overall combination of income, tax rates, medical facilities, recognition and the arts.

• This area is home to Lake Hickory which covers over 4,200 acres and has over 100 miles of shoreline.

F O C U S O N T H E F U T U R E

• Exceptional image for manufacturing and sale of furniture and home furnishings and is hosting 2019 Home Furnishings and Home and Manufacturing Solutions Expo.

• City Council, city staff, and city residents share a dual vision that demonstrates Hickory’s potential for a strong economy, a vibrant arts and culture scene, and a diverse population.

• Progressive community with fosters job creation

• Central Business District infrastructure improvements

• Strong focus on appealing to the younger generation and millennials

• Refurbished mills (Hickory’s University Mill district has undergone

amazing changes. Private investors have changed the landscape for Hollar and Moretz Mill, Piedmont Wagon, and Lyerly Mill.

• Lenoir- Rhyne University has called Hickory home for over 125 years and they continue to grow through partnerships with the city.

T H E A R T S

Hickory Metro is known for its science, arts, literacy and music theatre

offerings. Over $42 million is generated annually in economic activity

due to arts, science and history organizations in Catawba County.

Cultural appreciation can even be noticed through Hickory’s ranking of

being “America’s Top Tinsel Town”.

G O A L S B Y 2 0 3 5

$500MPRIVATE INVESTMENT

8,000NEW JOBS

1,750NEW HOUSING UNITS

3,500POPULATION INCREASE

The Hickory Trail is an opportunity for Hickory to shape its growth for the next 15 plus years. The Trail will be an integral part to attract and organize a segment of Hickory’s future growth around parks, trails, transit, downtown, cultural, educational, medical facilities, and entertainment venues. The Trail, and the amenities throughout, will lead to job and population growth, thereby enhancing the quality of life for all City residents.

Hollar Mill Before

Hollar Mill After

Piedmont Wagon Before Piedmont Wagon After

T H E P R O J E C T

The Hickory Trail is one of the Crafting Hickory projects that has the potential to

transform the City. Following a significant decline in manufacturing jobs and a

reduction in the young adult population, the community collaborated on a plan to

revitalize and reestablish Hickory as an economic leader of a Metropolitan Statistical

Area (MSA) region of 350,000 residents which includes Hickory, Lenoir, and Morganton.

The strategy, developed with its citizens and businesses, is based on the successes of similar cities and consists of four major components, which include: the City Walk, Streetscapes and Gateways, Riverwalk, and a Class A advanced manufacturing park, now known as Trivium Corporate Center. In November of 2014, citizens voted to approve a $40 million bond referendum.

The trail, along with the City’s culture of providing an atmosphere for dynamic growth and robust

development, will be a major asset in the community’s effort to build a strong economy, provide good jobs, and create a desirable quality of life for residents.

The projects, as approved, will create linkages to city destinations, cultural and recreational centers, businesses, and Lenoir-Rhyne University. The fi rst phase, scheduled to break ground in 2018, is the City Walk. This phase constructs a multiuse path along Main Avenue that runs from Lenoir-

Rhyne University through Downtown Hickory west to 9th Street NW. The project will further the development of diverse businesses and professional jobs in the City’s Central Business District and has already had a positive impact, with a major company headquarters located along its route. The path will also create connectivity to shopping, dining, educational, and medical services for Lenoir-Rhyne University students, residents, and employees.

While the Trail impacts the entire City, and

touches neighborhoods representing 26%

of Hickory’s population, the goals listed

in this document are for one-quarter mile

on either side of the Trail. The Trail will

create connectivity between Lenoir-Rhyne

University, The Mill District, Downtown,

City parks, and the Catawba River.

H I C K O R Y T R A I L 5 . 2 M I L E S O F M U LT I - U S E PAT H WAY

30 ACRESHICKORY

©2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_February2019

K AT H E R I N E S O U T H A R D

+1 704 331 1260katherine.southard@cbre.com

N O R T H C A R O L I N A

I-40 interchange at exit 125/ McDonald Parkway in Hickory, NC.