For Sale
$8,182,512

0 Hwy 301Hope Mills, NC 28348

Hope Mills, NC: High-yield NNN investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 21,501-square-foot Frito-Lay distribution center in Hope Mills, North Carolina. Located on an 11.4-acre lot at Hwy 301 S, this property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $511,407. The property is subject to a 10-year, triple-net (NNN) lease with a corporate guarantee, providing exceptional security and long-term stability. The lease commenced July 15, 2024, leaving approximately 9.7 years remaining on the initial term. Annual rent escalates by 2% annually, ensuring consistent income growth. The lease includes two five-year renewal options, extending the potential lease term to over 20 years. Built in 2024, this modern facility offers 100% occupancy and a price per square foot of $380.56. The asking price for this prime industrial investment is $8,182,512. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a creditworthy tenant in a desirable location. The property's strong financials, long-term lease, and strategic location make it an attractive investment for discerning buyers seeking secure, passive income. The Cumberland County location offers excellent access to major transportation routes, further enhancing the property's value and appeal.

Property Details for 0 Hwy 301

Property type
Industrial properties, Distribution centers
Square Feet
21,501 SF
Year Built
2024
Lot Size (sq. ft)
496,584 SF

Location Insight

City
Hope Mills
County
Cumberland
State
North Carolina
Latitude
34.9474267
Longitude
-78.9311767
Hwy 301, Hope Mills, North Carolina

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0 Hwy 301
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