585 11Th StHickory, NC 28601

This exceptional value-add industrial property in Hickory, NC, offers 74,356 square feet of rentable space across two, single-story buildings. Currently 57% occupied with two tenants, leases expire April 1, 2026, providing a 1.4-year remaining term with built-in rent bumps of 3-5%. The property features five loading docks, 44 parking spaces, and ceiling heights ranging from 12 to 18 feet. Recent renovations in 2021 and 2023 enhance its appeal. Situated on 4.18 acres with IND zoning, this prime location boasts high visibility at a busy intersection, minutes from Highway 321, with easy access to Highways 64 and I-45, and proximity to Charlotte. The asking price is $3,000,000, representing a pro-forma cap rate of 9% and a price per square foot of $40.35. The property's features, including temperature-controlled environments and heavy electric capabilities, make it ideal for various industrial uses, including distribution, manufacturing, and warehousing. A dedicated showroom adds versatility. The strong 10-mile population of 157,491 provides a substantial market reach. This presents a compelling opportunity for owner-users or investors seeking a well-located, renovated industrial asset with significant upside potential. The property's strong location and recent renovations position it for continued success and growth. A pro-forma NOI of $270,000 further underscores the investment potential. The NNN lease structure minimizes landlord responsibilities.