Gaston Marketplace is anchored by Food Lion (NYSE: DEG) and Family Dollar (NYSE: FDO). The roof is original from the delivery date of the shopping center (2004) and includes a 20-year warranty. Food Lion has an increasing sales trend and strong sales volume. Four future development pads exist on the property, which are zoned and ready for construction.
Gaston Marketplace is the main shopping center in Gaston and is one of two grocery-anchored centers. A freestanding IGA sits less than half a mile south of the subject property on Hwy 321. Traffic counts for Hwy 321 are 18,200 vehicles per day.