Licensed North Carolina Real Estate Broker — Affiliated with G Brokerage

Sell Your Commercial Property in Hickory, NC

Hickory anchors the Catawba Valley's economy along the I-40 corridor in western North Carolina, with a manufacturing and healthcare-driven commercial market that offers investors some of the strongest yields in the Charlotte-Asheville corridor. Frye Regional Medical Center, Catawba Valley Medical Center, and a diversifying manufacturing base — transitioning from furniture and fiber optics to data centers and food processing — create demand fundamentals that reward patient capital. Google's massive data center investment in neighboring Maiden has added a new dimension to the region's commercial growth story.

No upfront feesConfidential process$500K - $10M+ properties
2x
Dual Expertise
Business broker + CRE advisor. Most brokers only do one.
90
Day Avg. to Offer
Well-priced properties with strong financials attract fast offers.
$0
Upfront Cost
Success-based fees only. You pay nothing until your property sells.
Market Intelligence

Hickory Commercial Real Estate Market

Hickory's commercial real estate market reflects a regional economy in transition. The Catawba Valley's historical strength in furniture manufacturing and fiber optic cable production has evolved to include data center operations (Google's $2.5 billion+ Maiden facility), food processing, automotive components, and advanced manufacturing. This industrial diversification creates broader tenant demand for warehouse, flex, and production space throughout the I-40 corridor, reducing the single-industry risk that characterized Hickory's market in previous decades.

Healthcare is Hickory's largest employment sector, with both Frye Regional Medical Center and Catawba Valley Medical Center operating major campuses. Together, these systems generate sustained demand for medical office, outpatient services, and specialty clinic space along the Springs Road, Tate Boulevard, and Conover Boulevard corridors. Lenoir-Rhyne University adds 2,500+ students and institutional spending. The Valley Hills Mall area and US-70/321 intersection remain the primary retail corridors, serving a metro population approaching 370,000.

Hickory offers investors cap rates 200 to 350 basis points above Charlotte, positioning it as a yield play within a two-hour drive of both Charlotte and Asheville. Google's data center investment has improved the region's narrative, attracting interest from investors who previously overlooked the Catawba Valley. For sellers, the market rewards properties with stable tenants, modern buildouts, and locations along the I-40 or US-70/321 corridors — and increasingly rewards properties that can be framed within the data center economy growth story.

43,000+
Population
0.7% annually
Annual Growth
39000
Median Income
0.038
Unemployment
Major Employers: Corning Optical, Catawba Valley Medical Center, CommScope, Frye Regional Medical Center, Catawba County
Economic Drivers: Data Centers & Tech, Fiber Optics, Furniture Manufacturing, Healthcare, Education
What's Selling

Top Property Types in Hickory

01

Industrial & Data Center

The Catawba Valley's manufacturing heritage provides a deep base of industrial tenants, from legacy furniture operations to modern food processing, automotive parts, and fiber optic production. Google's data center in Maiden has attracted ancillary technology and infrastructure companies to the region. Properties along I-40, US-321, and the Startown Road industrial area with modern clear heights, adequate power infrastructure, and dock access trade most competitively. Industrial cap rates here offer 200+ basis points above Charlotte, attracting yield-focused investors.

02

Retail & Service

Frye Regional and Catawba Valley Medical Centers together employ thousands and generate consistent demand for medical office, rehabilitation, and outpatient surgery space. Properties within the Springs Road and Tate Boulevard medical corridors benefit from established physician referral networks and patient traffic patterns. Multi-tenant medical buildings attract both local investors and regional healthcare REITs seeking yield in secondary markets. The aging Catawba Valley population amplifies healthcare utilization rates, supporting long-term demand growth.

03

Office & Flex

Hickory's retail market serves a metro area of nearly 370,000 spread across Catawba, Burke, Alexander, and Caldwell counties, making it the primary commercial hub for western North Carolina outside of Asheville. Valley Hills Mall, the US-70/321 corridor, and the Viewmont Shopping Center area anchor grocery, dining, and general merchandise retail. Properties with national grocery or pharmacy anchors remain the most liquid retail investments, while the revitalizing downtown is creating emerging demand for restaurants and specialty retail.

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Market Data

Hickory Cap Rate Ranges

Property TypeTypical Cap Rate
Industrial7.0% - 9.0%
Retail7.5% - 10.0%
Office8.0% - 10.5%
Mixed-Use7.0% - 9.0%
NNN Lease5.5% - 7.5%

Cap rates in Hickory are trending downward as data center investment improves fundamentals. Early investors benefit from current yields.

Your Advisor

Why Hickory Property Owners Work With John Salony

Dual Expertise

Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.

No Wasted Time

Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.

Confidential Process

Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.

Success-Based Fee

You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.

Common Questions

Selling Commercial Property in Hickory

Industrial properties benefit from data center and fiber optics demand. Retail serving the growing workforce also attracts interest.
Most sales take 5 to 12 months. The market is improving as technology investment drives growth.
Hickory's cap rates offer strong yields reflecting the secondary market positioning. Industrial along I-40 trades at 7.0% to 9.0%, with data-center-adjacent properties improving. Retail along US-70/321 ranges from 7.5% to 10.0%, with grocery-anchored centers tightest. Medical office near the hospital campuses trades at 7.0% to 9.0%. General office ranges from 8.0% to 10.5%. These rates represent a significant yield premium over Charlotte and increasingly attract investors looking beyond saturated primary markets.
Yes — Hickory's manufacturing and healthcare economy frequently produces combined business-and-real-estate transactions. Industrial operations with owned facilities, medical practices, and established retail businesses along the US-70/321 corridor often achieve higher total proceeds when sold as a package. John Salony brings both M&A and CRE expertise to structure these deals, including sale-leaseback options that let you monetize the real estate while maintaining operations in the Catawba Valley.
Google's multi-billion dollar data center investment has changed the Catawba Valley's growth narrative, attracting attention from investors who previously focused only on Charlotte and the Triangle. Healthcare employment continues expanding, manufacturing is diversifying beyond furniture into higher-value sectors, and I-40 corridor industrial vacancy is tightening. Hickory's yield premium over Charlotte is attracting a growing pool of income-focused investors. A confidential consultation can help you position your property within this evolving market story.
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