1022 2Nd St NE Hickory, NC 28601

This single tenant net leased KEDPLASMA property is located in Hickory, North Carolina. The 18,950 square-foot building is under a 15-year lease that began in 2017 and runs through May 2032. The lease contains 10% rental escalations throughout the primary term and includes four 5-year renewal options. The lease also includes a guaranty from KEDRION S.p.A. The property benefits from its location along 2nd Street, which experiences over 25,500 vehicles per day. 2nd Street is a main corridor in Hickory, hosting a variety of tenants including Lowe’s Home Improvement, Lowes Foods, Starbucks, Chick-fil-A, CVS, Wells Fargo, and Smoothie King. 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 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, with an average household income of $86,889. KEDPLASMA operates over 70 plasma donation centers across the United States, and contributes 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 supports the treatment of rare and serious diseases.