374 N Corporate Dr - Distribution FOR SALE
Wilmington, NC 28401 |
$8,533,000 USD
949-244-6644
374 N Corporate Dr
Wilmington, NC 28401
HIGHLIGHTS
- 2019 Construction FedEx Freight Location | Corporate Guaranty from FedEx Corporation (NYSE: FDX - S&P: BBB) | $87.7 Billion in Revenue (Corporate)
- NN Lease | 15-Year Primary Term plus 2 (5-Year) Option Remaining | 5.00% Rental Increases at each Option
- Prominent Wilmington, NC Industrial Location along Hwy 421 (8,278 VPD) in the 330-acre Pender Commerce Park
- Excellent Access to I-40 & 13 Miles from Downtown Wilmington and the Port of Wilmington | National Industrial Tenant Roster in Pender Commerce Park
- Located 8 Miles Northwest of Wilmington International Airport, 10.5 Miles North of the Port of Wilmington, and 13 miles North of Downtown Wilmington
- Diverse & Dynamic Economic Center | Growing Demographics in the Immediate Trade Area
FOR SALE DETAILS
PRICE
$8,533,000 USD
PRICE/SF
$573 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FedEx Freight
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
10.54
LAND SF
459,122
ZONING
GI
APN/PARCEL ID
2291-86-4735-0000
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949-244-6644
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949-244-6644
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