1151-1155 Biscayne Dr - Light Distribution FOR SALE


Concord, NC 28027
$4,232,000 USD
973-632-1386
1151-1155 Biscayne Dr, Concord, NC for Sale
$4,232,000 USD
Light Distribution - FOR SALE
1/9
null | 7% Cap Rate

1151-1155 Biscayne Dr
Concord, NC 28027


HIGHLIGHTS

  • Brand New 5-Year Lease | Scheduled 2% Annual Rent Increases
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Strategic Location | Proximity To Major Commercial Thoroughfares
  • Strong Demographics | Deep Labor and Consumer Pool

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest in a newly leased industrial property located in Concord, North Carolina. The tenant will execute a brand-new 5-year absolute NNN lease at the close of escrow, providing immediate, predictable income with long-term security. The lease features 2% annual rent increases, ensuring steady net operating income growth and a natural hedge against inflation. The tenant, Intelligent Tool Corp, is well positioned for sustained success, supported by both local and national momentum in the sectors they serve, including aerospace, automotive, and domestic manufacturing. The property is offered on an Absolute Triple-Net (NNN) basis, with the tenant responsible for all operating expenses, including taxes, insurance, CAM, and maintenance. With no landlord responsibilities, this asset represents an attractive, management-free investment opportunity, particularly well suited for passive or out-of-state investors seeking reliable cash flow.

FOR SALE DETAILS

PRICE

$4,232,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Intelligent Tool Corp

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

Lighting, Gas, Water, Sewer

CLEAR CEILING HT

19 Ft

DOCKS

3

DRIVE INS

3

PARKING SPACES

47

LAND DETAILS

LAND ACRES

2.06

LAND SF

89,734

ZONING

I-1

APN/PARCEL ID

5601-25-5161-0000

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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