277 Lawing Rd - Warehouse FOR SALE
Forest City, NC 28043 |
$5,729,000 USD
310-977-1651
277 Lawing Rd
Forest City, NC 28043
HIGHLIGHTS
- Greater Charlotte Logistics Hub – ±1 hour from Charlotte with access to I-85, I-77, I-40, and Charlotte Douglas International Airport
- Strategic Corridor Location – Along U.S. Hwy 74 near I-85, connecting to Charlotte, Atlanta, Asheville, and the Eastern Seaboard
- Credit Tenant – Frito-Lay / PepsiCo (A+ / A1 rated), generating $24.75B in 2024 revenue and 49% of PepsiCo’s operating profit
- Brand-New Construction – ±7,653 SF distribution center on ±2.64 AC with 8 dock-high doors and expansion potential
- Functional Design – Abundant yard/trailer parking with efficient ±6.65% building/lot coverage
- 10-Year NNN Lease – Commenced Nov. 2023 with ±2% annual rent increases
FOR SALE DETAILS
PRICE
$5,729,000 USD
PRICE/SF
$749 USD /SF
CAP RATE
6.7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Frito Lay Product Exchange Center
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
8
DRIVE INS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
2.64
LAND SF
114,998
ZONING
-
APN/PARCEL ID
-
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310-977-1651
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310-977-1651
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