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.