The Shops at Palladium is a four tenant strip center that is part of the Palladium Shopping Center in the affluent city of High Point, NC.The offering features a dynamic mix of national and regional internet resistant retailers that includes Salsarita’s Fresh Cantina, Uncle Maddio’s Pizza Joint, Sports Clips, and Envy Nail Salon, all of which are open and operating, and include lease guaranties. All tenant leases feature scheduled rental escalations throughout their primary terms and options periods, providing an investor with long-term income growth at a desirable location. Each tenant has been at this property since 2015 and has continued to pay rent through the pandemic, a testament to the quality and durability of the income stream.The Shops at Palladium is prominently situated on W Wendover Avenue (33,000 VPD), and benefits from excellent street visibility and ease of access. The subject property is adjacent to both a Freddy’s drive-thru and a new construction Sheetz gas station and convenience store. High Point is part of the Piedmont Triad and is known to be the “Home Furnishings Capital of the World,” with the surrounding area having a strong presence of manufacturing and distribution facilities, helping drive a healthy daytime population which further drives sales for the tenants at this location.
