1860 Main Avenue Southeast, Hickory, NC 28602, USA

Hickory, North Carolina

Google Map

Total Square Feet

±70,000 SF

Asking Price

$3,159,021

NOI

7.25%

The tenant covers real estate taxes, insurance, utilities, and all property maintenance under the NN lease
Landlord obligations are limited to the roof, exterior walls, and structure, minimizing ownership duties
The passive structure suits 1031-exchange and out-of-state buyers seeking low-management income
In-place rent of approximately $3.27/SF sits roughly 27% below the $4.50/SF Hickory infill industrial market
The ±70,000 SF building (8,135 SF office / 61,865 SF warehouse) accommodates office, manufacturing, and warehouse uses
16’ clear height, one drive-in door, and seven dock-high doors support light-industrial and distribution users
The tenant funded interior improvements in 2021, reflecting commitment and reducing near-term capital needs