Valley Hills Mall – March 2023

Newmark has been exclusively retained to market to qualified investors the opportunity to acquire Valley Hills Mall (the “Property” or “Mall”), an enclosed super regional mall located in Hickory, North Carolina approximately 50 miles northwest of downtown Charlotte. The Mall consists of approximately 931,509 square feet (324,483 SF owned) of gross leasable area, situated on 19.05 acres. This offering represents a unique opportunity to acquire a stabilized and strategically located asset with numerous avenues of value enhancement. Valley Hills Mall’s position as the only true enclosed mall within a 50-mile radius provides the Mall with a diverse and expansive shopper base while giving future ownership the advantage in both retaining current tenants and attracting new ones.

Valley Hills Mall is an enclosed super regional mall located in Hickory, NC. Located approximately 50 miles from downtown Charlotte, the Mall is strategically situated adjacent to the heavily travelled US-70 (70,000 VPD) within an active retail corridor. The Mall’s anchor and major tenants are headlined by Belk, Dillard’s, JCPenney, H&M and Shoe Dept. Encore, which are complemented by a line-up of strong in-line national retailers highlighted by Bath & Body Works, Chick-Fil-A, Kirkland’s, Torrid and Victoria’s Secret. The offering also includes two outparcel pads occupied by Bed Bath & Beyond and Defy Gravity, in addition to a 13,727 SF strip center.