801 Warehouse St - Warehouse FOR SALE


Greensboro, NC 27405- Northeast Greensboro
$7,498,041 USD
743-867-7791
801 Warehouse St, Greensboro, NC for Sale
$7,498,041 USD
Warehouse - FOR SALE
1/9
null | 7.25% Cap Rate

801 Warehouse St
Greensboro, NC 27405
Northeast Greensboro


HIGHLIGHTS

  • 801 Warehouse Street is a 138,959-square-foot cash-flowing industrial asset located on 4.35 acres in an Opportunity Zone of Greensboro, NC.
  • Leased to South Atlantic Companies, a trusted company that provides 3PL, warehousing services, transportation, and contract packaging.
  • Strong in-place income with a NNN lease running through June 30, 2025, and the seller will provide $155,634 credit at closing to match first-year NOI.
  • Greensboro is a flourishing industrial market with a five-year average vacancy rate of 3.32% and 8% annual average rent growth.
  • Equipped with excellent infrastructure, including 9 loading docks with levelers, office space, cross-dock capabilities, & clear heights up to 22’10”.
  • Strategic location poised for long-term demand, within 10 to 20 minutes of Downtown Greensboro, Piedmont Airport, and Interstates 40, 85, 840, and 73.

OVERVIEW

The property at 801 Warehouse Street in Greensboro, NC, presents a rare single-tenant industrial NNN investment opportunity in a strategic, high-growth market. Situated on 4.35 acres in an Opportunity Zone, the 138,959-square-foot building, originally constructed in 1961 with an addition in 1984, features 5,118 square feet of office space, nine dock-high doors with levelers, 24 trailer stalls, 17 car stalls, and clear heights ranging from 10feet, 6 inches to 22 feet, 10 inches. The facility offers typical bay dimensions of 50 feet by 240 feet, a dry sprinkler system, cross-dock capabilities, and a metal roof structure with brick exterior walls. 801 Warehouse Street is 100% leased to South Atlantic Bonded Warehouse Corporation, a well-established third-party logistics provider with operations dating back to 1909. South Atlantic Companies delivers comprehensive 3PL, warehousing, transportation, and contract packaging services across the Southeast, leveraging modern platforms like Nulogy and PackManager, and also engages in industrial real estate development. This tenant provides strong in-place income and a lease term from July 1, 2025, through June 30, 2030. The NNN lease structure places all expenses on the tenant, with an average annual rent of $543,608 and scheduled annual escalations from $2.63 per square foot in the first year to $4.16 per square foot in the fifth year. A seller credit of $155,634 will be provided at closing to true-up the first-year NOI. The property’s Greensboro location offers exceptional logistics connectivity via Interstates 40, 85, 73, and 74, with proximity to Piedmont Triad International Airport and a skilled regional labor pool supported by UNC Greensboro, NC A&T, and Guilford Technical Community College. Approximately 30% of the workforce is employed in the industrial sector within a 10-mile radius. Greensboro’s industrial market remains robust, marked by limited supply, increasing rental rates, and strong demand from e-commerce, 3PL, and light manufacturing tenants, positioning this asset for stable returns and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$7,498,041 USD

PRICE/SF

$54 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant NNN Lease

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

-

CLEAR CEILING HT

22.833333333333332 Ft

DOCKS

9

DRIVE INS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

4.35

LAND SF

189,486

ZONING

HI

APN/PARCEL ID

0033367

ASK ABOUT THIS PROPERTY

Vincenzo VerdinoCityPlatMore Info
743-867-7791

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Vincenzo VerdinoCityPlatMore Info
743-867-7791

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