- Hospital Credit Anchor FryeCare Cardiology, a Duke LifePoint Health hospital affiliate, occupies the entire first floor (48%) with an extensive, highly specialized medical build-out.
- Established Medical Tenancy Long-standing medical tenant base, including Southern Oncology Specialists, which signed a new 10-year lease in 2025.
- Significant NOI Upside Below-market rents and existing gross lease structures provide an opportunity to increase income through rent growth and conversion to NNN leases as leases mature.
- Immediate Value Creation 10,136 SF of existing vacancy and an additional ±3,300 SF on a month-to-month lease offer near-term lease-up and repositioning opportunities.
- Attractive Basis Opportunity to acquire a well-located medical office asset at a significant discount to replacement cost.
- Premier Medical Location Strategically positioned in Hickory’s established medical corridor, benefiting from proximity to two major regional hospitals just minutes away, a strong concentration of complementary medical providers, and surrounding retail amenities, offering attractive underlying real estate fundamentals.
Details
For
Sale
Size
47,878 Square Feet
Price
$8,000,000
