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421 S Church St 8,392 SF 100% Leased Office Building Hendersonville, NC 28792 $2,195,000 ($261.56/SF) 6.21% Cap Rate
Investment Highlights
- Trophy property in downtown Hendersonville, NC
- Entry lever front door parking.
- High visibility, with great ingress and egress, and onsite parking
Executive Summary
Jones Commercial Properties is pleased to present the exclusive offering of 421 S. Church Street, a premier Class A,
free-standing, two-story office building located in the heart of Hendersonville, North Carolina. This 100% occupied,
income-producing asset represents a rare opportunity to acquire a stabilized investment with two long-term corporate
tenants, both of whom have renewed their leases multiple times — a testament to the quality of the building and its strategic
location.
The property is anchored by Wells Fargo Advisors (5,666 SF, 1st & 2nd floors) and PragerMetis CPAs (2,122 SF), both
under full-service, 3-year leases with contractual 3% annual rent escalations. The structured rent bumps provide an investor
with a built-in, predictable income growth stream that keeps pace with inflation — without the volatility of variable-rate
adjustments.
The building features a dramatic two-story entrance foyer, elevator, ADA-compliant ramp, front and rear parking, and
professionally maintained landscaping — all contributing to an exceptional tenant experience and strong curb appeal befitting
its Class A designation.
free-standing, two-story office building located in the heart of Hendersonville, North Carolina. This 100% occupied,
income-producing asset represents a rare opportunity to acquire a stabilized investment with two long-term corporate
tenants, both of whom have renewed their leases multiple times — a testament to the quality of the building and its strategic
location.
The property is anchored by Wells Fargo Advisors (5,666 SF, 1st & 2nd floors) and PragerMetis CPAs (2,122 SF), both
under full-service, 3-year leases with contractual 3% annual rent escalations. The structured rent bumps provide an investor
with a built-in, predictable income growth stream that keeps pace with inflation — without the volatility of variable-rate
adjustments.
The building features a dramatic two-story entrance foyer, elevator, ADA-compliant ramp, front and rear parking, and
professionally maintained landscaping — all contributing to an exceptional tenant experience and strong curb appeal befitting
its Class A designation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
8,392 SF
Building Class
C
Year Built
2006
Price
$2,195,000
Price Per SF
$261.56
Cap Rate
6.21%
NOI
$136,367
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,196 SF
Building FAR
0.58
Lot Size
0.33 AC
Zoning
9927609~CMU - Central Mixed Use by the city of Hendersonville, NC.
Parking
23 Spaces (2.74 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
- Balcony
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 9927609 | Total Assessment | $100 |
| Land Assessment | $100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
9927609
Land Assessment
$100
Improvements Assessment
$0
Total Assessment
$100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
421 S Church St