724 Bell Fork Rd - Office FOR SALE


Jacksonville, NC 28540
$2,395,000 USD
972-482-0111
724 Bell Fork Rd, Jacksonville, NC for Sale
$2,395,000 USD
Office - FOR SALE
1/19
null | 7% Cap Rate

724 Bell Fork Rd
Jacksonville, NC 28540


HIGHLIGHTS

  • Corporate Guarantee by Gannett Co. Inc., The Owner of USA Today and Many Other Media Companies, Publically Traded: GCI
  • Subtenant: JINGOLI Power offers full turnkey project execution including Engineering Procurement, Construction, General Contracting, Design and Build.
  • JINGOLI Own, Operate, and Maintain the Energy Sector
  • 7+ Year Remaining Lease on Absolute NNN, 2.1% Annual Increases
  • Two 10-Year Options with 2.3% Annual Increases
  • 62% (19,512 SF) Office & 38% (11,959 SF) Industrial

OVERVIEW

Marcus & Millichap is pleased to offer this excellent investment opportunity for sale in Jacksonville, North Carolina. The building was constructed in 1966, renovated in 1996, 2025, and consists of 19,512 square feet of office (62%) and 11,959 square feet of industrial space for total of 31,471 square feet and sits on large 4.21 acres of land. The lease guarantor is a publicly traded Gannett Media Corporation who occupied since May of 2013 until it was subleased to 104 year old JINGOLI Power LLC in 2025. Gannett Media Corporation owns USA Today and operates many media entities throughout the US. JINGOLI Power offers full turnkey project execution services including Engineering Procurement and Construction services, General Contracting, and Design, Build, Own, Operate, and Maintain (DBOOM) for the energy sector. Visit their website to gain more insights into the company at www.jingolipower.com. Jacksonville is the county seat of and the most populous community in Onslow County, North Carolina, which is coterminous with the Jacksonville, NC Metropolitan Statistical Area. As of the 2020 census, the population was 72,723, which makes Jacksonville the 14th-most populous city in North Carolina. Demographically, Jacksonville is the youngest city in the United States, with an average age of 22.8 years old, which can be attributed to the large military presence. It is the home of the United States Marine Corps' Camp Lejeune and New River Air Station. Jacksonville is located adjacent to North Carolina's Crystal Coast area. This is an excellent opportunity to acquire an office/industrial property with very strong tenant at below replacement cost.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jingoli Power | 104 Year-Old | Abs NNN

PROPERTY TYPE

Office

ADD'L SUBTYPES

Distribution, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

4.21 AC

LAND SF

183,388 SF

ZONING

CC

APN/PARCEL ID

031074

ASK ABOUT THIS PROPERTY

William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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