For Sale
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1305 Old Thomasville RdHigh Point, NC 27260

171,825 SF Flex Warehouse, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 171,825-square-foot industrial flex warehouse situated on a substantial 14.93-acre lot in High Point, North Carolina. The property, located at 1305 Old Thomasville Rd, 27260, boasts two buildings constructed in 1967 and renovated in 1994. Currently operating at 100% occupancy under a triple-net (NNN) lease with approximately three years remaining, this property offers a compelling value-add proposition. The existing tenant, Allred Metal Stamping Works, has a remarkable history of over 50 years at this location. The property features eight loading docks and impressive ceiling heights ranging from 12 to 26.5 feet, catering to diverse operational needs. The LI (Light Industrial) zoning permits a variety of potential uses, enhancing its long-term investment potential. Its strategic location near the US Highway 29/70 interchange provides excellent access to major transportation arteries, further solidifying its appeal. This property represents a rare chance to acquire a well-located, established industrial asset with significant upside potential. The low rent provides immediate cash flow, while the zoning and location offer flexibility for future development or repositioning. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant long-term growth prospects.

Highlights

  • Single-tenant, 171,825-square-foot building on 14.93 acres.
  • 50+ year tenant history with Allred Metal Stamping.
  • Triple-net (NNN) lease with approximately 3 years remaining.
  • Below-market rent; value-add opportunity.
  • LI (Light Industrial) zoning allows diverse uses.
  • Excellent location near US Highway 29/70 interchange.

Property Details for 1305 Old Thomasville Rd

Property type
Warehouses, Industrial properties
Square Feet
171,825 SF
Year Built/Renovated
1967/1994
Buildings
2
Lot Size (sq. ft)
650,351 SF

Location Insight

City
High Point
County
Randolph
State
North Carolina
Latitude
35.9159676
Longitude
-80.038669
1305 Old Thomasville Rd, High Point, North Carolina

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1305 Old Thomasville Rd
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