For Sale
$910,000

217 Woodington RdHope Mills, NC 28348

5,200 SF Distribution Center, 8.02% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 5,200 square foot distribution center in Hope Mills, North Carolina, presents a compelling investment opportunity. Boasting an 8.02% cap rate, the property is situated on a 3.09-acre lot (C3 zoning) and features a well-maintained facility retrofitted in 2013. The building, constructed of masonry and metal, includes 23 dock-high doors and a small office space. Ceiling heights range from 16 to 18 feet. The property benefits from a strong, investment-grade tenant, Flowers Foods (NYSE: FLO), under lease until June 2028. This long-term lease provides stability and predictable income. The strategic location off US 301 (15,000+ vehicles per day) and less than a mile from the I-95/Hwy 59 interchange (48,000+ vehicles per day) ensures high visibility and accessibility. Proximity to Downtown Hope Mills and Fayetteville further enhances its appeal. The low building coverage ratio (under 4%) offers significant potential for expansion, additional truck parking, or outside storage. The property is located within a thriving industrial submarket, surrounded by established businesses such as Taylor Express, Gregory Poole Equipment Company, SAIA LTL Freight, and FedEx Freight, indicating strong future value and growth potential. The asking price is $910,000, representing a price per square foot of $175. This is a rare opportunity to acquire a high-quality industrial property with a secure tenant and excellent growth prospects.

Highlights

  • Investment-grade tenant Flowers Foods (NYSE: FLO) with lease expiring June 2028.
  • High-traffic location on US 301 (15,000+ VPD) near I-95/Hwy 59 interchange (48,000+ VPD), close to Hope Mills and Fayetteville.
  • Well-maintained 5,200 SF facility, retrofitted in 2013, featuring masonry/metal construction and 23 dock high doors; 16'-18' ceiling height.
  • Low 4% building coverage ratio on a 3.09-acre C3-zoned lot allows for expansion or additional uses.
  • Strong industrial submarket location near major logistics companies, suggesting high future value.

Property Details for 217 Woodington Rd

Property type
Retail properties, Industrial properties
Square Feet
5,200 SF
Year Built/Renovated
1990/2013
Lot Size (sq. ft)
134,600 SF

Location Insight

City
Hope Mills
County
Cumberland
State
North Carolina
Latitude
34.9405578
Longitude
-78.9394935
217 Woodington Rd, Hope Mills, North Carolina

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217 Woodington Rd
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