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271 Old Barn Rd

5,922 SF 100% Leased Office Building Hendersonville, NC 28791 $1,225,000 ($206.86/SF) 5.42% Cap Rate

EXECUTIVE SUMMARY

Currently 100% leased investment opportunity in a highly sought-after area, perfect for those looking to secure a stable income with growth potential. Located just 6 miles west of Hendersonville in the thriving community of Horse Shoe, NC. This well-maintained building is strategically positioned on a high-visibility corner at Hwy. 64 West and S. Rugby Rd., offering excellent exposure for tenants and easy access for customers. Currently at 100% occupancy with three established tenants and built in rent growth. Unit A is a versatile retail or office space with a warehouse and overhead door, available on 6/01/25. Units B and C are home to a chiropractic office and a national operating physical therapy company. Located 11 minutes to Downtown Hendersonville and 35 minutes to Downtown Asheville.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,922 SF
Building Class
C
Year Built
2002
Price
$1,225,000
Price Per SF
$206.86
Cap Rate
5.42%
NOI
$66,385
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,922 SF
Building FAR
0.10
Lot Size
1.35 AC
Zoning
CC - Community Commercial District
Parking
26 Spaces (4.39 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Signage
  • Reception
  • Storage Space
  • Central Heating
  • High Ceilings
  • Secure Storage
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Castellucci Chiropractic Center
  • Health Care and Social Assistance
  • 1,986 SF
  • $10.42
  • Plus Utilities
  • Aug 2026

Located just a few miles west of Hendersonville in Horse Shoe, North Carolina, Castellucci Chiropractic Center is committed to providing you and your family with the highest quality corrective and wellness care available so that you may enjoy an active, healthy life. Through natural, effective Chiropractic care they work together in order to help you achieve and maintain optimal health and wellness. They believe you were born to be healthy all of your life. Their mission is to release the life potential in everyone they meet and to teach others to do the same. They right but is possible for you and everyone in your family.

  • Health Care and Social Assistance
  • 1,986 SF
  • $12.14
  • Triple Net
  • May 2027

Founded in 1998, CORA Physical Therapy is a leading provider of physical and occupational therapy with over 250 clinics across 10 states. CORA is dedicated to delivering cutting-edge, results-driven care that helps patients return to their lives quickly and healthfully. CORA’s commitment to excellence is evident in its patient-first approach, ethical decision-making, and emphasis on teamwork and collaboration. The company prioritizes accessibility, ensuring quality outpatient care is available to all, regardless of insurance. CORA’s therapists are among the best in the industry, supported by continuing education and advanced certifications. Every decision at CORA is made with its community in mind, fostering seamless, transparent, and professional experiences for patients, staff, physicians, and partners. Through innovation, resilience, and a focus on exceptional patient outcomes, CORA continues to set the standard for excellence in outpatient healthcare.

  • Gibson Pest Control
  • Services
  • 1,966 SF
  • $13.73
  • Triple Net
  • Jun 2025
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Castellucci Chiropractic Center Health Care and Social Assistance 1,986 SF $10.42 Plus Utilities Aug 2026
Health Care and Social Assistance 1,986 SF $12.14 Triple Net May 2027
Gibson Pest Control Services 1,966 SF $13.73 Triple Net Jun 2025

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1008109
Land Assessment
$147,000
Improvements Assessment
$433,100
Total Assessment
$580,100
  • Listing ID: 35106733

  • Date on Market: 3/12/2025

  • Last Updated:

  • Address: 271 Old Barn Rd, Hendersonville, NC 28791

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