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33437458
33437462

117 Woodwinds Industrial Court, Cary, NC 27511

MW
NC, NC 262680
Lee & Associates - Raleigh Durham
Lee & Associates - Raleigh Durham
Listed by Lee & Associates - Raleigh Durham
$971,313
0 days on market
Updated 0 days ago

117 Woodwinds Industrial Court

Details
APN 0753424679
Property Type Industrial
Sub Type Warehouse
Square Footage 3,346
Cap Rate 6.75%
NOI $65,564
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 06/30/2031
Rent Bumps Yes
Lease Options One (1) additional 3-year option (greater of FMV or 103% over prior year)
Year Built 1987
Acreage 0.820
Zoning I
Lease Commencement 06/12/2023
Ground Lease No

Industrial | 6.75% CAP | 3,346 SqFt

Marketing description

117 Woodwinds Industrial Court presents a rare opportunity to acquire a stabilized industrial investment in the heart of Cary's established industrial corridor. The property benefits from sought-after outdoor storage capability and is fully leased to a long-term tenant, providing immediate cash flow, annual rent escalations, and durable income growth potential.

Strategically positioned in Cary, NC, the property offers excellent access to the Triangle's major transportation corridors, including I-40, US-1, and I-440, allowing convenient connectivity throughout Raleigh-Durham and the broader Research Triangle region. The surrounding area is home to a strong concentration of industrial, service, and flex users, with nearby amenities, labor access, and continued commercial growth supporting long-term occupancy demand.

Investment highlights

  • ±3,346 SF freestanding industrial building + laydown yard
  • Situated on ±0.82 acres
  • Rare outdoor storage capability
  • Long-term tenant in place with stable in-place cash flow
  • Annual 3% rental escalations provide built-in income growth
  • Strong Cary location at the intersection of Cary Parkway and Old Apex Road
  • Convenient access to I-40, US-1, and the greater Triangle region
  • PIN #: 0753424679
  • Sale Price: $971,313
  • Cap Rate: 6.75%
  • Attractive opportunity for investors seeking stabilized industrial product

Listing Contacts

MW
NC, NC 262680
Lee & Associates - Raleigh Durham
Lee & Associates - Raleigh Durham
Listed by Lee & Associates - Raleigh Durham

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$65,563.62
$5,463.63/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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