333 2nd NE St Hickory, NC 28601

This exceptional investment opportunity presents a 3,200 square foot, Class B office building located at 333 2nd Street NW in Hickory, North Carolina. The property, built in 1927 and renovated in 2020, boasts a desirable downtown location and features a single tenant under a triple net (NNN) lease. The current lease, commenced November 1, 2021, has a remaining term of approximately 1.9 years, expiring October 31, 2026, with five one-year renewal options at a fixed rent. The building is fully occupied (100% occupancy) and generates a substantial net operating income (NOI) of $38,450, resulting in an attractive 6.41% capitalization rate. Priced at $600,000, this translates to a price per square foot of $187.50. The two-story structure offers 3,200 square feet of net rentable space. This is a credit-rated tenant, providing added security for investors. The property is a stand-alone building, offering excellent visibility and accessibility. This is an ideal investment for those seeking a stable, income-producing asset in a thriving North Carolina market. The property is not subject to a ground lease.