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.