23114 Sylva Rd - Distribution FOR SALE


Franklin, NC 28734
$4,460,736 USD
332-345-4222
23114 Sylva Rd, Franklin, NC for Sale
$4,460,736 USD
Distribution - FOR SALE
1/2
null | 6.25% Cap Rate

23114 Sylva Rd
Franklin, NC 28734


HIGHLIGHTS

  • Long-Term, 10-Year Double Net (NN) Lease
  • Construction Completed in July 2024
  • Approximately 9.9 Years Remaining
  • Two Percent (2.00%) Rental Increases Occurring Annually
  • Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 20+ Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located along Sylva Road in Franklin, NC. The site consists of roughly 5,967 rentable square feet of building space on an estimated 8.95-acre parcel of land. This Frito-Lay last mile distribution facility is subject to a 10-year double-net (NN) lease, which commenced July 15th, 2024. The current annual rent is $278,796 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.

FOR SALE DETAILS

PRICE

$4,460,736 USD

PRICE/SF

$748 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frito-Lay Distribution Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.95

LAND SF

389,862

ZONING

-

APN/PARCEL ID

6595730097

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.