1870 N Center Street, Hickory, NC 28601

Property 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). **Published NOI and cap rate is a blended average over the term of the renewed lease. Year 1 - 7.47%, Year 2 - 9.24% - 3% annual increases including 3-yr renewal option.** 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.