Rehold

1167 Center St, Hickory, NC 28602

18,214 SF | Industrial Building | Hickory, NC 28602 | $5,247,659 ($288/SF) | 6.75% Cap Rate

Asking Price $5,247,659

Property Type: Industrial
Price / Square Foot: $288

Listing Contacts

Alvin Mansour

Jon Talia

Property Overview

North Carolina Broker of Record: Donald Gilchrist | 200 CentrePort Dr., Suite 160 Greensboro, NC 27409 | Lic. 241055 | P: (336) 450-4600 [email protected]
2025 Renovation | Near Numerous Auto Dealerships and Auto Service Centers | Near Regional Shopping Center | Easy Access to Interstate-40 | Minutes from Airport | Qualifies for Accelerated Depreciation | Recession-Resistant Concept

Property Details

Class: A
Year Built/Renovated: 1965/2024
Stories: 1
Property Subtype: Service, Vehicle Related, Freestanding, Storefront
Lot Size (sq. ft): 80,150 SF

Highlights

15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.
Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Surrounded by Numerous Auto Dealerships and Auto Service Centers including Kia, Hyundai, GMC, Buick, Chevrolet, Cadillac, Volkswagen, Toyota and more.
Positioned Along Area’s Major Traffic and Retail Corridor. Features Easy Access and Excellent Visibility along US-Hwy 70.

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