1609 Airport Rd, Monroe, NC 28110

Positioned as a stabilized, income-producing industrial investment, this 111,500 SF asset is offered at $9,220,000 ($82.60/SF), delivering a 7.40% cap rate with durable cash flow and built-in growth.

The property is 100% leased across four suites, anchored by strong industrial users including 3M (Scott Technologies) occupying 16,000 SF, alongside Spiroflow, which leases the remaining 95,500 SF across three suites. This diversified rent roll provides stability while maintaining institutional-quality tenancy.

Lease terms offer near- to mid-term security, with expirations extending through May 2028 and April 2029. Additional upside is embedded through structured rent escalations beginning in 2026, driving projected NOI to $682,275, with an additional $116,093 in reimbursements. Tenant options further enhance long-term flexibility, including a 3-year option for Scott Technologies and two 5-year renewal options across the Spiroflow spaces.

From an ownership perspective, the asset is designed for ease and efficiency, with minimal landlord responsibilities and participation in the Brownfield Program, offering potential financial and regulatory advantages. A waived right of first offer is already in place, streamlining a future disposition, while a fair-market-value purchase option tied to Akona Process Solutions introduces an additional strategic consideration.

This is a rare opportunity to acquire a fully leased industrial asset with strong tenancy, contractual income growth, and long-term optionality in a proven industrial corridor.