FleetPride Leased Property
Industrial | 6.15% CAP | 35,472 SqFt
Marketing description
7603 Boeing Drive in Greensboro, North Carolina is a fully leased single tenant industrial property located in the heart of the Piedmont Triad’s premier logistics corridor. The property is leased to FleetPride, the nation’s largest distributor of truck and trailer parts, which has operated at this location since 1998. FleetPride, operating 329 locations across 46 states, is a nationally recognized leader in heavy‑duty parts distribution.
The asset consists of ±35,472 square feet situated on ±3.608 acres and is strategically positioned with immediate access to I‑40, I‑73, I‑85, NC‑68, and the Piedmont Triad International Airport
The estimated NOI of $396,357 as of April 1, 2026.
The lease is structured as Triple Net (NNN) with 2% annual escalations, providing investors with predictable income growth. The current lease term runs through December 31, 2032, with one five‑year renewal option requiring six months’ notice.
The property also includes a subtenant, McCarthy Tire Service, further enhancing the site’s operational stability.
Key property features include:
- ±35,472 SF industrial facility
- 12 drive‑in doors, 3 dock‑high doors, and 1 lower dock door
- 20'–24' warehouse clear heights
- 100% sprinklered
- HI (Heavy Industrial) zoning within the Airport Overlay District
- Roof re‑coated in 2021 with a 15‑year warranty
- Strong industrial submarket adjacent to PTI Airport and major distribution hubs
Investment highlights
7603 Boeing Drive in Greensboro, North Carolina is a fully leased single tenant industrial property located in the heart of the Piedmont Triad’s premier logistics corridor. The property is leased to FleetPride, the nation’s largest distributor of truck and trailer parts, which has operated at this location since 1998. FleetPride, operating 329 locations across 46 states, is a nationally recognized leader in heavy‑duty parts distribution.
The asset consists of ±35,472 square feet situated on ±3.608 acres and is strategically positioned with immediate access to I‑40, I‑73, I‑85, NC‑68, and the Piedmont Triad International Airport
The estimated NOI of $396,357 as of April 1, 2026.
The lease is structured as Triple Net (NNN) with 2% annual escalations, providing investors with predictable income growth. The current lease term runs through December 31, 2032, with one five‑year renewal option requiring six months’ notice.
The property also includes a subtenant, McCarthy Tire Service, further enhancing the site’s operational stability.
Key property features include:
- ±35,472 SF industrial facility
- 12 drive‑in doors, 3 dock‑high doors, and 1 lower dock door
- 20'–24' warehouse clear heights
- 100% sprinklered
- HI (Heavy Industrial) zoning within the Airport Overlay District
- Roof re‑coated in 2021 with a 15‑year warranty
- Strong industrial submarket adjacent to PTI Airport and major distribution hubs
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