1200 Hickory Chapel Rd. Building 3

Strategically positioned with convenient access to I-74 and Highway 29, the property benefits from a central North Carolina location.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.