Offering a compelling opportunity to acquire a stabilized, fully leased flex investment property at a 10% cap. Produces immediate, predictable cash flow under a lease structure that minimizes landlord responsibilities while maximizing income certainty. The property comprises approximately 4,200 square feet of industrial/flex space situated on 1.37 acres with direct Highway 90 frontage. The tenant occupies under a lease extending through September 30, 2030, with contractual 3% annual rental escalations and a five-year renewal. Tenant is very happy with location. Well suited for private investors, 1031 exchange buyers, and passive income investors seeking institutional-quality lease structure at an accessible entry price.
| MLS # | 4403038 |
|---|---|
| Listing Type | For Sale |
| Style | Warehouse/office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 120 |
| Listing Provided By | The Virtual Realty Group | Erika McNew |
| Acreage | 1.37 |
|---|
| List Aor | Canopy Realtor Association |
|---|
| Property | 199004 |
|---|
| State | NC |
|---|---|
| County | Alexander |
| City | Hiddenite |
| Zip Code | 28636 |
| Area | Alexander |
| Listing VS Median (in 28636) | |
Price: $350,000 low | high Med: $249,000 On site: 120 low | high Med: 248 | |
| State | NC |
|---|---|
| County | Alexander |
| City | Hiddenite |
| Zip Code | 28636 |
| Area | Alexander |
| Listing VS Median (in 28636) | |
Price: $350,000 low | high Med: $249,000 On site: 120 low | high Med: 248 | |