Single-Tenant Industrial
Industrial-Flex | Sale Leaseback
2004 Van Buren Ave, Indian Trail, NC 28079
Listing Price: $7,995,000
Cap Rate
7.05%
Gross SF
45,093
Price/Gross SF
$177.30
Lot Size
4.09 acres
Year Built
2006
Rentable SF
45,093
Investment Overview
Marcus & Millichap is pleased to present for sale a single-tenant, two (2) building portfolio located in Indian Trail, NC. The property features an Absolute NNN Sale Leaseback with no landlord responsibilities.
Industrial-Flex | Sale Leaseback
Investment Highlights
- Absolute NNN Sale Leaseback – No Landlord Responsibilities
- 10 -Year Base Term with 2% Annual Escalations
- Single Tenant, Two Building Portfolio
- 2004 Van Buren: 3% Office and 97% Warehouse w/ 25' Clear Heights
- 2022 Van Buren: 59% Office and 41% Warehouse w/ 19' to 20' Clear Heights
- Proximity to I-485 & Hwy 74 Bypass
- Vacancy Rate in Union County is 1.2%
- More Than 37% Rent Growth Previous 3 Years – Union County Submarket
Single-Tenant Industrial
Industrial-Flex | Sale Leaseback
Listing Price: $7,995,000
Cap Rate
7.05%
Gross SF
45,093
Price/Gross SF
$177.30
Lot Size
4.09 acres
Year Built
2006
Rentable SF
45,093
Investment Highlights
- Absolute NNN Sale Leaseback – No Landlord Responsibilities
- 10 -Year Base Term with 2% Annual Escalations
- Single Tenant, Two Building Portfolio
- 2004 Van Buren: 3% Office and 97% Warehouse w/ 25' Clear Heights
- 2022 Van Buren: 59% Office and 41% Warehouse w/ 19' to 20' Clear Heights
- Proximity to I-485 & Hwy 74 Bypass
- Vacancy Rate in Union County is 1.2%
- More Than 37% Rent Growth Previous 3 Years – Union County Submarket
Investment Overview
Marcus & Millichap is pleased to present for sale a single-tenant, two (2) building portfolio located in Indian Trail, NC. The property features an Absolute NNN Sale Leaseback with no landlord responsibilities.
