Listed by RED Partners
$5,300,000
Burnwood Trail Multi-Tenant Industrial
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 32,399
Cap Rate 6.81%
NOI $361,110
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.23%
Pro-Forma NOI $383,116
Price per SqFt $164
Year Built 1988
Buildings 4
Acreage 2.627
Zoning ELDD I-G (General Industrial)
Investment Type Net Lease
Industrial | 6.81% CAP | 32,399 SqFt
Marketing description
Triple-net leased multi-tenant industrial campus featuring 32,299 SF across four buildings on 2.627 acres. The site benefits from frontage on N NC-16 Business Hwy (8,700 VPD, 2024), strong access to regional highways (3/4 mile to Hwy 150 and 1.5 miles to Hwy 16), and the current ELDD I-G zoning which permits a broad set of uses. The property has three operating Tenants in place with a 6.81% in place cap rate. Pro-forma cap rate of 7.23% upon of re-lease of Building 2 at market rates. Average household income exceeds $111,000 within a 3-mile radius.
Investment highlights
- Triple Net Leased Industrial Campus - Minimal Landlord Obligations
- 32,399 SF across four buildings on 2.627 acres
- 3/4 mile to Hwy 150 & 1.5 miles to Hwy 16 - Strong Regional Access
Listing Contacts
Listed by RED Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$361,110.00
$30,092.50/mo
Valuation Metrics
0
DSCR
6.81%
Cap Rate
6.81%
ROI
Map
Zoning
I-G IndustrialIndustrial General
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View all 249 uses
View all 249 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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