Building Details

Building Size 299,272 SF

Tenancy Single

Listing Agency: Stream Capital Partners Birmingham Show Phone

Listed By: Adam Baxter · License #Alabama 80803

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 30 at 8:50PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stream Capital Partners Birmingham

Investment Insights

Based on property information with market context.

The property comprises a 299,272-square-foot manufacturing facility situated on 78.89 acres in Franklinville, North Carolina. The asset is being offered for sale with a proposed lease to Universal Fibers Systems, LLC, which is identified as both tenant and guarantor.

The proposed agreement is structured as an absolute triple net lease with an initial term of 15-20 years and 2.5% annual rent increases. The property is expected to be 100% leased upon closing, subject to execution of the proposed lease.

Key Highlights

• 299,272‑square‑foot manufacturing facility
• Situated on 78.89 acres
• Proposed absolute triple net lease

Property Analytics

Property Profile

Current Use

Sapona Yarns LLC Industrial Manufacturer

Suggested Use

Top Pick Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 27248, NC

4,535

Population

1,842

Households

2.5

Avg Household Size

41

Median Age

15%

College-Educated

82%

High-School Grad

34.4 sq mi

ZIP Area

132

Density / Sq Mi

$61,667

Median Household Income

$36,754

Median Earnings

$1,003

Median Rent

$168,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Manufacturing property offered with a proposed absolute NNN lease to Universal Fibers Systems, LLC.

Where is this manufacturing property located?

The property is located at 2478 Cedar Falls Rd Franklinville, NC.

What are key features of this property?

This property features: 299,272‑square‑foot manufacturing facility; Situated on 78.89 acres; Proposed absolute triple net lease