1040 2nd St NE - Storefront Retail/Office FOR SALE


Hickory, NC 28601
$4,736,365 USD
847-562-8500
1040 2nd St NE, Hickory, NC for Sale
$4,736,365 USD
Storefront Retail/Office - FOR SALE
1/3
null | 7.5% Cap Rate

1040 2nd St NE
Hickory, NC 28601


HIGHLIGHTS

  • 7+ years remain on the primary lease term
  • Located along 2nd Street (25,500 VPD)
  • Proximity to Lenoir-Rhyne University (1,600 Students) and Hickory High School (1,200 Students)
  • Notable retailers in the area include Lowe’s Home Improvement, Lowes Foods, Starbucks, Chick-fil-A, CVS, Wells Fargo, Smoothie King, & several others
  • Less than one mile north of Frye Regional Medical Center (355-Bed)
  • Over 73,800 people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in Hickory, North Carolina. The tenant began occupying the space in 2017 with a 15-year lease that runs through May 2032. The subject lease contains 10% rental escalations throughout the primary term and four 5-year renewal options. The lease also includes a corporate guaranty. The 18,950 square-foot building benefits from its position along 2nd Street, which experiences over 25,500 vehicles per day. 2nd Street is one of the main corridors in Hickory, hosting a variety of tenants including Lowe’s Home Improvement, Lowes Foods, Starbucks, Chick-fil-A, CVS, Wells Fargo, Smoothie King, and many others. The asset is strategically located near Lenoir-Rhyne University and Hickory High School, which have enrollments of 1,600 and 1,200 students, respectively. Additionally, KEDPLASMA is found less than one mile north of the Frye Regional Medical Center, a 355-bed hospital. There are over 73,800 people living within a five-mile radius. Those of which earn an average household income of $86,889. KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the United States, and contributing to the collection of approximately 800,000 liters of plasma annually. As a subsidiary of Kedrion Biopharma, an Italian company with over 2,500 employees and a presence in more than 100 countries, KEDPLASMA plays a crucial role in supporting the treatment of rare and serious diseases, such as hemophilia, immune deficiencies, and other blood disorders.

FOR SALE DETAILS

PRICE

$4,736,365 USD

PRICE/SF

$250 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KEDPLASMA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

COM

APN/PARCEL ID

3703117531720000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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