421 South Church Street, HVL, NC
100% leased class A office building, Hendersonville, North Carolina
Marketing description
Jones Commercial Properties presents a rare, 100% occupied Class A office investment in the heart of downtown Hendersonville, NC. This free-standing, two-story, 7,788 SF building is anchored by Wells Fargo Advisors and PragerMetis CPAs — both long-term tenants with a history of multiple lease renewals — under full-service gross leases featuring contractual 3% annual rent escalations through 2029.
Offered at $2,195,000, the property delivers a 6.21% cap rate on $136367 of 2025 NOI, with built-in income growth and a higher blended future cap rate. The building features a dramatic two-story entrance foyer, passenger elevator, ADA-compliant access, and ample front and rear parking.
Located in one of North Carolina's fastest-growing counties, just steps from downtown and minutes from I-26, this asset offers stability, credit-quality tenancy, and long-term upside in a high-demand Western North Carolina market.
Investment highlights
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.
INVESTMENT HIGHLIGHTS
✦ 100% occupancy with two long-term corporate tenants ✦ Wells Fargo Advisors (nationally recognized brand) ✦ Full-service leases — Wells Fargo Advisors 3 year terms, with options to renew, long term tenant. PragerMetis CPAs 5 year terms with 2 options to renew at then current market rates.
✦ Contractual 3% annual rent escalations through 2029
✦ PragerMetis CPAs (Top-50 national accounting firm)
✦ 2025 NOI of $136,367| 6.21% Cap Rate, with a much higher Blended Cap Rate potential.
✦ Class A construction with elevator & ADA access ✦ Prime Hendersonville location with strong area
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