Warehouse
QXO Building Materials | Single Tenant Net Leased Industrial | 24,162-SF, +/-4.23 Acres
461 19th St SE, Hickory, NC 28602
Listing Price: $1,825,000
Cap Rate
7.00%
Gross SF
24,162
Price/Gross SF
$75.53
Lot Size
4.23 acres
Year Built
1998
Rentable SF
24,162
Investment Overview
Marcus & Millichap is pleased to present the offering for QXO Building Materials in Hickory, NC.
QXO Building Materials | Single Tenant Net Leased Industrial | 24,162-SF, +/-4.23 Acres
Investment Highlights
- Single Tenant Net Lease Industrial: 24,162 SF on a 4.23-acre lot with retail showroom, 5 exterior dock-height doors, 1 drive-in bay & 14' 6' clear height with separate driveway to rear storage yard.
- Double Net Lease: QXO Building Products has just over 2 years remaining on the original Double Net lease with one, 5-year renewal option. Landlord only responsible for roof, structure and parking lot.
- Corporate Guarantee: Lease is guaranteed by QXO, one of the largest distributors of commercial and residential roofing products, complementary construction, and building materials.
- Fee Simple Ownership: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- Dense Industrial Location : Situated just off of Interstate 40 in a growing light industrial and logistics hub.
- Retail Hub: Located near multiple national tenants including Public Storage, Texas Roadhouse, Bojangles, Target, Home Depot, Harbor Freight, Lowes, Sams Club, Walmart Supercenter, Aldi, Valley Hill Mall and more.
- Heavy Traffic Corridor: Located 2 miles from the Interstate 40 exit 125, seeing 68,000 vehicles per day (VPD), just off of Tate Blvd with 13,500 VPD and US-70/US-321 With 20,000 VPD. 2.7 miles from Downtown Hickory and Catawba Valley Hospital.
- Stable Demographics: The population exceeds 77,900 within 5-miles and is projected to increase by 2030. Daytime population is over 101,500.
Warehouse
QXO Building Materials | Single Tenant Net Leased Industrial | 24,162-SF, +/-4.23 Acres
Listing Price: $1,825,000
Cap Rate
7.00%
Gross SF
24,162
Price/Gross SF
$75.53
Lot Size
4.23 acres
Year Built
1998
Rentable SF
24,162
Investment Highlights
- Single Tenant Net Lease Industrial: 24,162 SF on a 4.23-acre lot with retail showroom, 5 exterior dock-height doors, 1 drive-in bay & 14' 6' clear height with separate driveway to rear storage yard.
- Double Net Lease: QXO Building Products has just over 2 years remaining on the original Double Net lease with one, 5-year renewal option. Landlord only responsible for roof, structure and parking lot.
- Corporate Guarantee: Lease is guaranteed by QXO, one of the largest distributors of commercial and residential roofing products, complementary construction, and building materials.
- Fee Simple Ownership: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- Dense Industrial Location : Situated just off of Interstate 40 in a growing light industrial and logistics hub.
- Retail Hub: Located near multiple national tenants including Public Storage, Texas Roadhouse, Bojangles, Target, Home Depot, Harbor Freight, Lowes, Sams Club, Walmart Supercenter, Aldi, Valley Hill Mall and more.
- Heavy Traffic Corridor: Located 2 miles from the Interstate 40 exit 125, seeing 68,000 vehicles per day (VPD), just off of Tate Blvd with 13,500 VPD and US-70/US-321 With 20,000 VPD. 2.7 miles from Downtown Hickory and Catawba Valley Hospital.
- Stable Demographics: The population exceeds 77,900 within 5-miles and is projected to increase by 2030. Daytime population is over 101,500.
Investment Overview
Marcus & Millichap is pleased to present the offering for QXO Building Materials in Hickory, NC.
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