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3511 Graystone Pl SE
Conover, NC 28613 Outer City Of Hickory

$2,041,500 USD

Medical For Sale  •  10,000 SF

Property Details

• Property Type Medical
• Total Building Size 9,920 SF
• Lot Size 1.1 AC
• Building Class B
• Year Built 1974
• Tenancy Single

40 Walk Score

Highlights

Stable Asset Class – Healthcare Real Estate holds a strong track record of providing investors with long-term tenancy

Passive Income – Taxes, insurance, utilities, and routine maintenance are all covered by the tenant under this triple-net lease.

Growing Rental Rate – Keep up with inflationary pressures with this lease’s rent escalations matching the CPI capped at 4% annually.

Favorable Return – An 8.24% cap rate is offered for this asset, a unique opportunity to receive such a favorable return starting day one.

Hospital Tenant – Catawba Valley Medical Center leases this property as an extension of its 50+ locations throughout the region.

Critical Healthcare Location – This asset sits less than 1,000 feet from the 258-bed, flagship hospital for Catawba Valley Medical Center

Amenities

• Signage