1001 #217 S Reilly Rd - Warehouse FOR SALE


Fayetteville, NC 28314- Cliffdale
$2,300,000 USD
312-240-0162
1001 #217 S Reilly Rd, Fayetteville, NC for Sale
$2,300,000 USD
Warehouse - FOR SALE
1/4
null | 7.15% Cap Rate

1001 #217 S Reilly Rd
Fayetteville, NC 28314
Cliffdale


HIGHLIGHTS

  • Value-Add Opportunity
  • List Price Offers Attractive “Going-In” Yield
  • Successful Tenant Operating History on Site
  • Proximity to Fort Bragg
  • No Remaining Lease Extension Options
  • NNN Lease & 2.00% Annual Rent Increases

OVERVIEW

Northmarq is pleased to offer the opportunity to acquire 100% fee simple interest in the PODS Moving & Storage facility located at 1001 South Reilly Road in Fayetteville, North Carolina (the “Property”). PODS is an industry leader in the moving and storage sector with locations and services in 46 U.S. states and internationally. It has completed over six million moves in its 27-year history and was recently named the #1 Moving Container Company in the U.S. by Forbes. The Property offers a material value-add opportunity, while also offering an attractive “going-in” yield. PODS’ current rent is 35%+ below-market, and they recently exercised their final 3-year extension option. Upon expiration of the current Lease, an Owner could increase rent to market rates and realize double digit returns on their initial investment. PODS’ in-place lease offers attractive terms, with corporate credit and a passive NNN structure. Landlord responsibility is limited to structural components and the Lease features 2.00% annual increases — terms that could potentially be kept in place if a new lease were negotiated with PODS at the end of the current term in 3 years. Call broker for details.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PODS Moving & Storage

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

Water, Sewer

CLEAR CEILING HT

26 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

10

LAND DETAILS

LAND ACRES

3.86

LAND SF

168,142

ZONING

HI

APN/PARCEL ID

9497-54-8863

ASK ABOUT THIS PROPERTY

Brandon DuffNorthmarqMore Info
312-240-0162

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Brandon DuffNorthmarqMore Info
312-240-0162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.