KEDPLASMA 1022 2nd St NE 18,950 SF Office Building Hickory, NC 28601 $4,736,365 ($249.94/SF) 7.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in Hickory, North Carolina. The tenant began occupying the space in 2017 with a 15-year lease that runs through May 2032. The subject lease contains 10% rental escalations throughout the primary term and four 5-year renewal options. The lease also includes a guaranty from KEDRION S.p.A.
The 18,950 square-foot building benefits from its position along 2nd Street, which experiences over 25,500 vehicles per day. 2nd Street is one of the main corridors in Hickory, hosting a variety of tenants including Lowe’s Home Improvement, Lowes Foods, Starbucks, Chick-fil-A, CVS, Wells Fargo, Smoothie King, and many others. The asset is strategically located near Lenoir-Rhyne University and Hickory High School, which have enrollments of 1,600 and 1,200 students, respectively. Additionally, KEDPLASMA is found less than one mile north of the Frye Regional Medical Center, a 355-bed hospital. There are over 73,800 people living within a five-mile radius. Those of which earn an average household income of $86,889.
KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the United States, and contributing to the collection of approximately 800,000 liters of plasma annually. As a subsidiary of Kedrion Biopharma, an Italian company with over 2,500 employees and a presence in more than 100 countries, KEDPLASMA plays a crucial role in supporting the treatment of rare and serious diseases, such as hemophilia, immune deficiencies, and other blood disorders.