1604 Main St, Lexington, NC 27292-2844

This exceptional investment opportunity presents a portfolio of three single-story industrial flex buildings totaling 85,278 square feet, situated on six acres of land. Located in Lexington and Wilkesboro, North Carolina, the property boasts a strong, single tenant—TDF Furniture—under a triple-net (NNN) lease. The current lease features a 10-year term with two 5-year renewal options and annual rent escalations of 2%. The property generates a substantial net operating income (NOI) of $360,000, resulting in an attractive 8.00% capitalization rate. The asking price is $4,500,000, translating to a price per square foot of $52.77. This is an ideal investment for those seeking a stable, high-return, low-management flex property with a proven tenant and significant upside potential. The property addresses are 1604 S Main St, Lexington, NC 27292 and 5766 US-421, Wilkesboro, NC 28697. The current rent per square foot is $4.22. This is an absolute NNN lease, meaning the tenant is responsible for all operating expenses.