For Sale
$4,500,000
1604 Main St Lexington, NC 27292
High-yield NNN flex property, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Three single-story industrial flex buildings totaling 85,278 square feet on six acres in Lexington and Wilkesboro, NC.
- Triple-net (NNN) lease with TDF Furniture, a single tenant.
- 10-year lease with two 5-year options and 2% annual rent escalations.
- $4,500,000 asking price, $52.77/SF, 8.00% cap rate, $360,000 NOI, $4.22/SF rent.
- Tenant responsible for all operating expenses.
Property Details for 1604 Main St
- Property type
- Industrial properties, Flex space
- Square Feet
- 85,278 SF
- Buildings
- 3
- Stories
- 1
- Lot Size (sq. ft)
- 261,360 SF
Location Insight
- City
- Lexington
- County
- Davidson
- State
- North Carolina
- Latitude
- 35.8084144
- Longitude
- -80.2728136
Nearby Similar for Sale
FAQs
- What type of property is this?
- Industrial property - High-yield NNN flex property, strong tenant.
- Where is the industrial property located?
- The property is located at 1604 Main St Lexington, NC.
- What is the asking price?
- The asking price for this property is $4,500,000.
- What are key features of this property?
- This property features: Three single-story industrial flex buildings totaling 85,278 square feet on six acres in Lexington and Wilkesboro, NC.; Triple-net (NNN) lease with TDF Furniture, a single tenant.; 10-year lease with two 5-year options and 2% annual rent escalations.
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