Current lease term runs through June 2028 with 3% annual contractual rent escalations and a renewal option extending through June 2031
Tenant occupies 100% of the building, minimizing rollover risk and operational complexity
Functional layout includes approximately 4,224 SF of office space and 8,664 SF of climate controlled warehouse/light manufacturing space
Property features 3 drive in roll up doors and 3 phase power supporting a wide range of industrial and service users
Immediate access to U.S. Highway 70 with connectivity to the Hickory–Lenoir–Morganton MSA and regional industrial corridors
Current NOI approximately $112,723
Asking Price: $1,550,000
Approximately $120.27/SF
Attractive opportunity for investors seeking stable in place cash flow with future upside through contractual rent growth and excess land utilization