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    38 Smoky Mountain Dr Franklin, NC 28734

    For Sale
    $4,460,736

    New industrial warehouse with long-term lease and annual rental increases.

    Property size:
    5,967 SF
    Lot size:
    7.76 Acres

    Property Features for 38 Smoky Mountain Dr

    General Information

    Size
    5,967 SF
    Lot size
    7.76 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Industrial Warehouse For Sale

    This industrial property features a warehouse completed in July 2024. It is subject to a long-term, 10-year double net (NN) lease with approximately 9.9 years remaining. The lease includes two percent (2.00%) rental increases occurring annually. The tenant has two (2), five (5)-year renewal options, potentially extending the lease term to over 20 years. The property contains 5,967 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lake Emory Storage

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Macon
    State
    North Carolina
    Longitude
    -83.36029
    Latitude
    35.198082

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    FAQs

    What type of property is this?
    Warehouse - New industrial warehouse with long-term lease and annual rental increases.
    Where is this warehouse located?
    The property is located at 38 Smoky Mountain Dr Franklin, NC.
    What is the asking price?
    The asking price for this property is $4,460,736.
    What are key features of this property?
    This property features: - Long-Term, 10-Year Double Net (NN) Lease; - Approximately 9.9 Years Remaining on Lease; - Benefit from Two Percent (2.00%) Rental Increases Occurring Annually
    (332) 345-2408
    Request Owner's contact information
    38 Smoky Mountain Dr Franklin, NC 28734
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    Franklin, NC 28734
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Smoky Mountain Dr Franklin, NC 28734
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