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31423036
31423035

2333 Eric Ln, Burlington, NC 27215

CC
VA 0225272902
Vakos Real Estate Services
Listed by Vakos Real Estate Services
$12,000,000
65 days on market
Updated 65 days ago

Net-Leased Industrial Flex Investment | JR's Cigar Outlet

Details
APN 8854938137
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 146,905
Cap Rate 7.8%
NOI $935,550
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 3
Lease Expiration 11/19/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options 1 (2) Year Options
Price per SqFt $82
Broker Co-Op Yes
Class C
Year Built 1962
Acreage 14.000
Zoning LI - Light Industrial
Parking Spaces 684 spaces
Parking Per SqFt 4.66
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/20/2025
Ground Lease No
Ceiling Height 22
Dock High Doors 8
Ownership Fee Simple

146,905 SF Net-Leased Industrial Flex Investment | Distribution / Retail / Office | 7.80% Cap Rate

Marketing description

Vakos Real Estate Services is pleased to present the opportunity to acquire a 146,905 SF mission-critical industrial flex facility in Burlington, North Carolina. Fully leased and strategically positioned, the property serves as a high-functioning hybrid asset combining distribution, logistics, and retail components within a dynamic industrial corridor. Originally constructed in 1962 and thoughtfully adapted to meet modern operational demands, the asset features a substantial climate-controlled warehouse component, supporting specialized storage and distribution capabilities. Zoned Light Industrial (LI), the property benefits from strong regional connectivity and proximity to major transportation routes, making it an ideal hub for logistics-driven operations. With 100% occupancy and a tenant utilizing the property as a key operational facility, the asset provides stable in-place income alongside long-term strategic value. This offering represents a compelling opportunity for investors seeking durable cash flow, functional real estate, and exposure to an established industrial market with continued growth.

Investment highlights

  • 3% Annual Increases
  • Below Replacement Cost
  • High-Spec Mixed-Use: Climate-Controlled Warehouse, Flagship Retail, & Regional Distribution
  • Unrivaled I-40/I-85 Visibility With Direct Regional Connectivity
  • Roof Scheduled To Be Replaced By Seller In 2026

Listing Contacts

CC
VA 0225272902
Vakos Real Estate Services
Listed by Vakos Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$935,550.00
$77,962.50/mo

Valuation Metrics

0
DSCR
7.8%
Cap Rate
7.8%
ROI

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