1200 Hickory Chapel Rd. Building 3

1200 Hickory Chapel Rd, High Point, NC 27260

Accepting Offers
1200 Hickory Chapel Rd. Building 3
Asking Price

$450,000

1200 Hickory Chapel Rd. Building 3

1200 Hickory Chapel Rd, High Point, NC 27260

Asset Type: Real Estate

Estate: Fee Simple

Year Built: 1982

Land Area: 0.8 Acres

Property Size: 8,900 SF

Property Type: Industrial

Occupancy %: 100

Year Renovated: 1995

Number of Floors: 1

Investment Highlights

  • Occupancy: 100%
  • Tenant: Rodney Rogers Designs
  • Lease Expiration: March 31, 2028
  • In-Place Lease Rate: $3.85/SF NNN
  • ($4.24/SF NNN on 4/1/27)
  • Address: 1200 Hickory Chapel Road,
  • High Point, NC 27260
  • Building Size: ±8,900 SF
  • Warehouse Size: ±6,896 SF
  • Office Size: ±2,004 SF
  • PID: 7810331185
  • Year Built: 1982/1995
  • Zoning: LI
  • Air Conditioned: No
  • Heat: Gas
  • Roof: Metal
  • Clear Height: 11’9”
  • Dock Doors: 1
  • Drive-In Doors: 1
  • Power: 240 Volt 3 Phase

1200 Hickory Chapel Rd. Building 3

Building 3 at 1200 Hickory Chapel Road, High Point, NC 27260, a ±8,900 SF fully occupied, standalone industrial facility consisting of approximately ±6,896 SF of warehouse space and ±2,004 SF of office space. Originally constructed in 1982, the property features one dock-high door and one drive-in door and is currently leased through March 31, 2028, providing investors with stable in-place income and a near-term mark-to-market opportunity upon lease rollover. The combination of current occupancy, manageable building size, functional loading and near-term lease expiration creates an attractive opportunity to acquire a small, stabilized industrial asset with a compelling value-add profile. About the Tenant Rodney Rogers Designs occupies approximately 8,900 SF at 1200 Hickory Chapel Road for general warehouse and office use supporting its furniture business. The tenant is in the second year of a three-year lease expiring March 31, 2028, and currently pays NNN base rent of $3.85/SF, or $2,855.42 per month, increasing to $4.24/SF, or $3,144.67 per month, beginning April 1, 2027. The lease was structured with approximately 10% annual rent increases and an initial estimated TICAM charge of $1.15/SF, or $852.92 per month, subject to reconciliation and adjustment. The lease is personally guaranteed and provides the tenant with no contractual renewal or purchase option.

Sale FAQs

Investment Sales Broker

Will Andrews

Will Andrews

Trinity Partners - Charlotte

NC License: 362290

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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