1860 Main Ave SE - Warehouse FOR SALE


Hickory, NC 28602- Outer City Of Hickory
$3,159,021 USD
727-452-6864
1860 Main Ave SE, Hickory, NC for Sale
$3,159,021 USD
Warehouse - FOR SALE
1/7
null | 7.25% Cap Rate

1860 Main Ave SE
Hickory, NC 28602
Outer City Of Hickory


HIGHLIGHTS

  • The tenant covers real estate taxes, insurance, utilities, and all property maintenance under the NN lease
  • Landlord obligations are limited to the roof, exterior walls, and structure, minimizing ownership duties
  • The passive structure suits 1031-exchange and out-of-state buyers seeking low-management income
  • In-place rent of approximately $3.27/SF sits roughly 27% below the $4.50/SF Hickory infill industrial market
  • The ±70,000 SF building (8,135 SF office / 61,865 SF warehouse) accommodates office, manufacturing, and warehouse uses
  • 16’ clear height, one drive-in door, and seven dock-high doors support light-industrial and distribution users

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 1860 Main Avenue SE, a ±70,000 square foot single-tenant office and warehouse building on ±3.86 acres at the hard corner of Main Avenue SE and 19th Street SE in Hickory, North Carolina. The property is leased on a NN basis to Cable Materials Center LLC, personally guaranteed by both principals, at a current annual base rent of $229,029 ($3.27/SF), with 2 years of term remaining. In-place rent of roughly $3.27/SF sits approximately 27% below prevailing market rents of $4.50/SF for comparable Hickory infill industrial space, establishing a defensive, below-market basis that protects the downside and incentivizes renewal. Cable Materials Center provides tapes and high-quality protective cable materials to Corning Incorporated, one of the largest fiber optic cable manufacturers in the world. In January 2026, Corning signed a multi-year, up to $6 billion agreement with Meta (NASDAQ: META) to supply specialized fiber-optic cables for Meta’s U.S. AI data centers. Within 3 miles, the population is 39,663 with an average household income of $86,398. The asset would be an attractive opportunity for investors seeking durable, in-place income at a below-market basis, in a supply-constrained Southeastern manufacturing market that produces up to 40% of the nation’s fiber-optic cable.

FOR SALE DETAILS

PRICE

$3,159,021 USD

PRICE/SF

$45 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

7

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.86

LAND SF

168,142

ZONING

IND

APN/PARCEL ID

3712076903130000

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.