1336 Dixon BlvdShelby, NC 28152

Property Details for 1336 Dixon Blvd

Year built

1969

Property size (Sq ft)

8,000 SF

Zone code

GB

Property type

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.

• 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

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

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