1336 Dixon BlvdShelby, NC 28152

  • Retail properties
  • 8,000 SF
For Sale
$4,827,880 View listing

Property Details for 1336 Dixon Blvd

Year built
1969
Property size (Sq ft)
8,000 SF
Zone code
GB
Property type
Retail properties
Property subtype
Retail space
APN
26689
APU
26689

Description

Exceptional investment opportunity: a brand-new, 8,000-square-foot medical office building in Shelby, North Carolina. This fee-simple property boasts a 20-year absolute triple-net (NNN) lease with Parachute Plasma, a rapidly expanding medical company with a corporate guarantee. The lease commenced upon closing and features a strong initial annual net operating income (NOI) of $362,091, representing a 7.50% capitalization rate. Situated on a 0.84-acre lot at 1336 E Dixon Blvd, Shelby, NC 28152, the building was constructed in 2024. The lease includes attractive 2% annual rent increases beginning in year six, providing significant long-term growth potential. This is a rare opportunity to acquire a stable, high-yielding investment with a creditworthy tenant and substantial future growth prospects. The property is a turnkey investment with no landlord responsibilities. Parachute Plasma's expansion plans indicate a robust and growing tenant base, further enhancing the investment's value and security. This is a prime example of a secure, passive income stream in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,747,800
    6.5%
    $2,536,431
    7%
    $2,355,258
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,413,894
    Geo Method
    $3,413,894
  • Alternative Use

    Use
    Valuation
    Residential
    $2,139,574
    Hospitality
    $1,959,839
    Educational
    $1,630,563
    Medical
    $1,686,640
    Retail
    $2,536,431
1336 Dixon Blvd, Shelby, North Carolina

Location Insight

City
Shelby
County
Cleveland
State
North Carolina
Latitude
35.2726
Longitude
-81.5174
CBSA code
43140
CBSA name
SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$220,836
$183,761
$404,597
-
$220,836
$183,761
$404,597

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