3283 Frog Level Rd - Warehouse FOR SALE


Greenville, NC 27834- Southwest Greenville
$3,733,333 USD
252-347-1287
3283 Frog Level Rd, Greenville, NC for Sale
$3,733,333 USD
Warehouse - FOR SALE
1/60
null | 6.75% Cap Rate

3283 Frog Level Rd
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • Strategic location
  • Diverse economic base
  • Major employers - regional anchors include Thermo Fisher Scientific, Grady White Boats, Mayne Pharma, DSM Dyneema, and Hyster-Yale.
  • Ranked by Forbes among the Top 10 Best Small Places for Business & Careers and Top 25 Mid-City Growth Markets in the U.S.
  • ECU and PCC produce a steady pipeline of technical and professional talent fueling regional industrial expansion.

OVERVIEW

3283 Frog Level Road presents investors with the opportunity to acquire a single tenant industrial facility built in 1988 and leased to GMS Southeast, Inc., a wholly owned subsidiary of GMS Inc. (NYSE: GMS) operating regionally as Colonial Materials—one of North America’s largest interior building-products distributors. The property is located in the rapidly expanding Greenville, North Carolina industrial market, within the established West Star Industrial Corridor, a hub for manufacturing, logistics, and construction-supply users. The property totals ± 29,000 SF, including ± 23,000 SF of warehouse space and an additional ± 6,000 SF shell building for future expansion. Designed for high-functionality, the facility offers 21-foot clear heights, three-phase power,(2) dock-high and (2) drive-through doors, and sits on ± 6.19 acres with secure laydown and yard space. The tenant will occupy the property under a75-month Triple Net (NNN) lease commencing November 1, 2025, with base rent beginning February 1, 2026following a three-month abatement. The lease features 2 % fixed annual rent increases and three (3) renewal options of three years each at market rates. All operating expenses—including real estate taxes, insurance, and maintenance—are the responsibility of the tenant, providing the investor with passive, predictable income growth throughout the term. Offered at $ 3,733,000, representing a 6.75 % capitalization rate on Year 1 NOI of $ 252,000, this investment combines institutional-grade credit tenancy with modern construction and strong market fundamentals. Greenville’s connectivity via U.S. 264 / I-587, proximity to I-95, and its access to a skilled labor pool from East Carolina University position the property for long-term stability and value appreciation.

FOR SALE DETAILS

PRICE

$3,733,333 USD

PRICE/SF

$129 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer, Heating - Electric

CLEAR CEILING HT

21 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

40

LAND DETAILS

LAND ACRES

6

LAND SF

261,360

ZONING

CH - Heavy Commercial

APN/PARCEL ID

047037

ASK ABOUT THIS PROPERTY

Justin MullarkeyMullarkey Real Estate Group, Inc.More Info
252-347-1287

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Justin MullarkeyMullarkey Real Estate Group, Inc.More Info
252-347-1287

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