5070 US-301 Hwy - Distribution FOR SALE


Hope Mills, NC 28348
$8,182,512 USD
332-345-4222
5070 US-301 Hwy, Hope Mills, NC for Sale
$8,182,512 USD
Distribution - FOR SALE
1/2
null | 6.25% Cap Rate

5070 US-301 Hwy
Hope Mills, NC 28348


HIGHLIGHTS

  • Long-Term, 10-Year Double Net (NN) Lease
  • Construction Completed in July 2024
  • Approximately 9.9 Years Remaining

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Frito-Lay located at 5070 U.S Hwy 301-A, Hope Mills, NC 28348. The site consists of roughly 21,501 rentable square feet of building space on an estimated 11.4-acre parcel of land. This Frito-Lay is subject to a 10-year Double Net (NN) lease, which commenced 11/1/2024. The current annual rent is $511,407 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$8,182,512 USD

PRICE/SF

$381 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

42

LAND DETAILS

LAND ACRES

11.4

LAND SF

496,584

ZONING

-

APN/PARCEL ID

0423-16-0821

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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