QXO Building Materials | Single Tenant Net Leased… — Sale in Hickory, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Hickory, NC 28602
  • Year built: 1998

Photos

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Investment Figures

Cap rate
6.54%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the offering for QXO Building Materials in Hickory, NC. 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.

Market Context

This industrial in Hickory, NC is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1998. Compare it against other industrial listings for sale in Hickory, NC — view the full market.

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