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Long-Term NNN Medical Office Building - 8% + Cap Rate

$1,100,000

1870 N Center St, Hickory, NC 28601

Active
Last Updated: 06/26/2025

8.34

Cap Rate

91,761

NOI

Details:
Cap Rate:    8.34%
NOI:    $91,761
Building Size:    3,960 sqft
Lot Area:    0.29 acres
Occupancy:    100%
Class:    C
Units:    1
Year Built:    2000
Floors:    2
Highlights:
  • 3,960 SF modern building
  • Built in 2000
  • Zoned CC-2
  • Charlotte-Catawba County Submarket
  • 100% occupancy
Description:

Presenting a compelling opportunity for office building investors, this 3,960 SF property in Hickory, NC, built in 2000, stands as a prime asset within the Charlotte area. Zoned CC-2 and boasting 100% occupancy, this well-maintained building offers a solid foundation for a lucrative investment. With a track record of full occupancy, this property aligns perfectly with the goals of discerning investors seeking stability and growth. Its modern construction and ideal location make it an attractive prospect for those looking to expand their commercial real estate portfolio in this dynamic market. A well-established dermatology practice is in place with a new 5 yr lease plus a 3-yr extension option, with 3% annual lease increases (Tenant has leased building 15+ yrs).

Positioned in Hickory, NC, this single-tenant medical office is strategically situated within the expanding Charlotte market. With a well-established tenant already in place, the property offers a secure investment opportunity in the heart of a growing healthcare community. Surrounded by medical facilities, convenient amenities, and easy access to major highways, the location provides an ideal environment for a medical office seeking stability and growth. This prime location presents a compelling proposition for investors seeking to capitalize on the steady demand for healthcare services in the region.

Map:
Documents:
Title
1870_N_Center-Sale_Flyer.pdf
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