Ingles Markets has been busy in recent weeks with real estate transactions in North Carolina. Two stores are up for replacement and rebuild. One store may be relocating or may be accompanied by an addition store.
Ingles Markets #58, 1678 Brown Avenue, Waynesville, North Carolina 28786-4980:
Ingles Markets, doing business as Ingles Hazelwood Exchange LLC, has purchased the retail center store 58 operates at.
I predict this store will close temporarily for a rebuild after store 23’s expansion and rebuild is complete.
Ingles Markets #78, Westpark Shopping Center, 3219 Taylorsville Highway, Statesville, North Carolina 28625-2966:
Ingles Markets, doing business as Ingles Statesville Exchange LLC, has purchased parcels at 714, 716 and 740 Sullivan Road, Statesville, North Carolina 28677-3440. The site is south of Interstate 40 and several blocks away from a Publix store locating at North Point.
Either store 78 will be relocating to a replacement store in another trade area, or the Sullivan Road site will be Ingles Markets’ second store in Statesville.
Ingles Markets has purchased Whistle Stop Mall, 1281 Georgia Road, Franklin, 28734-9275. Existing tenants have until January to relocate.
I predict store 114 is relocating to a new site with a replacement store.
Note: Ingles responded via Twitter that they are building new stores in Lenoir City and Greeneville, Tenn. Also, a reader adds that recently bought the former Walmart center in Franklin where they currently have a store, paying nearly $4 million.
Additional note from Tiger: Ingles Markets has not constructed a new store in South Carolina since 2008. I know there are seven store sites in Anderson, Cherokee, Greenville, Oconee and Spartanburg counties for replacement and additional stores. Stores that have opened since 1996 have undergone improvements such as replacing video departments with pharmacies and adding fuel centers. I will let you know what I can find out south of the border.