1893 Remount Rd - Warehouse FOR SALE
Gastonia, NC 28054 |
1893 Remount Rd
Gastonia, NC 28054
HIGHLIGHTS
- Lease is Guaranteed by Gannett Co., Inc (NYSE - GCI). $2.9 billion in revenues and $2.3 billion in assets for 2022.
- No maintenance or expense responsibilities for the Landlord | Ideal passive investment
- Rent increases annually by 2.1%, providing income growth and a strong hedge against inflation
- Below Market Rent | Currently leased at $5.18/SF in a market that is delivering $5.50-6.50/SF NNN
- Adjacent to Interstate 85 with over 125,000 VPD. Positioned across from Caromont Regional Medical Center, a nationally-recognized acute care hospital
- Charlotte MSA | 22nd largest MSA in the US | Located 18 miles from downtown Charlotte and 13 miles from Charlotte Douglas International Airport
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Gannett Co. Inc.
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
UTILITIES
-
CLEAR CEILING HT
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DOCKS
3
DRIVE INS
-
PARKING SPACES
145
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
119445
