9429 Nc-127 Hickory, NC 28601
- Retail properties
- 7,225 SF
- 0.82 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9429 Nc-127
- Lot size
- 0.82 lot acres
- Property size
- 7,225 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 7,225 square foot O'Reilly Auto Parts building in Hickory, North Carolina. Situated on a 0.82-acre lot, this single-tenant, net-lease property boasts a remaining lease term of 13.4 years, expiring April 30, 2038. The lease commenced April 16, 2018, and includes 6% rent increases every five years, minimizing landlord responsibilities. The property's strong financial performance is reflected in its 5.76% cap rate and a net operating income (NOI) of $102,265. Located in an affluent suburb of Charlotte, near a university, and part of a grocery-anchored shopping center with monument signage, this property benefits from high visibility and strong demographics, including a $118,000 average household income and population growth. The asking price is $1,775,000, translating to a price per square foot of $245.67. This investment-grade asset offers a secure, long-term income stream with minimal management requirements, backed by a major US automotive parts retailer with a market capitalization exceeding $46.25 billion. The property's location on NC-127 in Alexander County, NC, 28601, ensures convenient access and high traffic visibility. A roof warranty is included. This is a rare opportunity to acquire a stable, high-performing commercial property with significant upside potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Alexander
- State
- North Carolina
- Longitude
- -81.3058
- Latitude
- 35.817
