408 S Rogers Ln - Warehouse FOR SALE


Raleigh, NC 27610- Southeast Raleigh
$4,200,000 USD
949-350-5431
408 S Rogers Ln, Raleigh, NC for Sale
$4,200,000 USD
Warehouse - FOR SALE
1/5
null | 4.65% Cap Rate

408 S Rogers Ln
Raleigh, NC 27610
Southeast Raleigh


HIGHLIGHTS

  • National Credit Tenant: Superior Pool Products Is a Subsidiary of PoolCorp (NASDAQ: POOL), the World’s Largest Wholesale Distributor of Pool Supplies
  • Priced Well Below Replacement Cost: Offered at Just $147 Per Square Foot, Significantly Below the Market Average of $200 Per Square Foot
  • Below-Market Rent Provides Downside Protection: With Current Rent at Just $6.84/SF – Less Than Half of the $14–$15/SF Market Rate

OVERVIEW

--National Credit Tenant: Superior Pool Products Is a Subsidiary of PoolCorp (NASDAQ: POOL), the World’s Largest Wholesale Distributor of Swimming Pool Supplies, With a Strong National and International Footprint --Priced Well Below Replacement Cost: Offered at Just $147 Per Square Foot, Significantly Below the Market Average of $200 Per Square Foot, Presenting Long-Term Value and Basis Security --Below-Market Rent Provides Downside Protection: With Current Rent at Just $6.84/SF – Less Than Half of the $14–$15/SF Market Rate --Strong Corporate Guarantee-- -$5+ Billion in Annual Revenue: PoolCorp Generates Over $5 Billion in Annual Revenue, Demonstrating Significant Financial Strength and Long-Term Stability -Industry-Leading Market Position: PoolCorp Is the World’s Largest Wholesale Distributor of Swimming Pool Supplies, Equipment, and Related Outdoor Living Products -Publicly Traded With Strong Market Cap: PoolCorp Is Publicly Traded (NASDAQ: POOL) With a Market Capitalization of Approximately $11.5 Billion -Global Distribution Network: PoolCorp Operates Over 350 Sales Centers and Serves More Than 120,000 Wholesale Customers Worldwide. E-Commerce and Recession-Resistant: PoolCorp Benefits From Strong E-Commerce Positioning and Has Shown Resilience Through Economic Cycles, Serving a Mix of Construction, Service, and Retail Markets --Strong Real Estate Fundamentals-- -Highly Desirable Location: Strategically Positioned in a Sought-After Industrial Corridor of Raleigh – One of the Nation's Top 50 MSAs -Expansion Potential: The Property Sits on a 2.29-Acre Parcel, Offering Space for Future Development or Building Additions -Investor Friendly: This Net Lease Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-of-Market Investors -Ideally Positioned Within a Thriving Industrial Corridor: Anchored by Nationally Recognized Tenants Such as Ferguson, White Cap, Snider Fleet Solutions, BrightView Landscapes, L&W Supply, SafeLite, RH Barringer, Alside, Peterbilt, Graybar, SiteOne Landscape Supply, Johnson Controls, and Others Broker of Record: Donald Gilchrist – License: 241055

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PoolCorp (NASDAQ: POOL) | Low Rent

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

3

PARKING SPACES

14

LAND DETAILS

LAND ACRES

2.29

LAND SF

99,752

ZONING

IND-1

APN/PARCEL ID

1733.09-05-2434-000

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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