Starbucks to Open New Freestanding Location in Hickory

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HICKORY, North Carolina (August 2022) – The Morgan Companies (“Morgan”) is pleased to announce the development of a new freestanding Starbucks with drive-thru at the northeast corner of Highway 321 and 2nd Avenue NW in Hickory, NC.  This will be the third freestanding Starbucks in Hickory and Morgan’s sixth Starbucks development.

Morgan, through its affiliate Hickory Hwy 321, LLC, acquired +/-1.50ac from The Yount Family Living Trust. Starbucks will feature outdoor seating and double drive-thru lanes.  The remaining portion of the property is available for lease or build-to-suit.  For information, contact George Morgan at (954) 522-6010.

“This is our first development in northwestern North Carolina, and we couldn’t be more excited about the location” said George Morgan, Founder of The Morgan Companies. “We are looking forward to working with Starbucks again and wish them much success here.” Construction commenced Summer 2022, and Starbucks is anticipated to open 1st Quarter 2023

About The Morgan Companies

For more than 45 years, the professionals at The Morgan Companies have produced quality commercial developments for its principals, clients, and investors. We have acquired, developed, managed, and leased over $1 billion in multi-sector assets in markets across the eastern U.S.

We handle all phases of the complex development process from site selection and governmental approvals to financing and construction. We also provide effective leasing programs and property and asset management services for retail shopping centers, office buildings, hotel, medical facilities, and single-tenant properties. Our working relationships with national, regional, and local tenants build sustainable occupancy levels and tenant mixes that reduce the likelihood of future turnover. Morgan has the people, expertise, and resilience to provide solutions for all your real estate needs.

We are proud to continue this tradition and look forward to working with you to achieve your goals. For more information, please visit www.themorgancos.com