3283 Frog Level Rd Greenville, NC 27834

The property is a fully leased, approximately 29,000 square foot industrial facility situated in Greenville’s established West Star Industrial Corridor. The property is leased to GMS Southeast, Inc., a wholly owned subsidiary of GMS Inc., operating regionally as Colonial Materials, one of North America’s largest building-products distributors. Built in 1988, the approximately 23,000 square foot main building includes approximately 3,000 square feet of office space and an additional approximately 6,000 square foot shell structure for future expansion. Features include 21-foot clear heights, two dock-high and two drive-through doors, 3-phase power, and a secure approximately 6.19-acre fenced yard. The 75-month triple-net (NNN) lease begins November 1, 2025, with base rent commencing February 1, 2026, following a three-month abatement. The lease features 2 % annual increases, three three-year renewal options at market, and a $21,000 security deposit. The property is offered at $3,733,000, with a 6.75 % cap rate on Year 1 NOI of $252,000. It provides a stable, long-term investment backed by a national credit tenant in a growing Eastern North Carolina industrial market.