1336 Dixon BlvdShelby, NC 28152
- Retail properties
- 8,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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