2946 Piper CtBurlington, NC 27215

For Sale
$3,600,000

High-yield, NNN-leased warehouse portfolio.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents two strategically located, newly constructed (2022) warehouses in North Carolina, leased to Frito-Lay, a subsidiary of PepsiCo Inc. Both properties serve as product exchange centers, benefiting from the consistent performance of a dominant player in the snack food industry. The Burlington location, at 2946 Piper Ct, Burlington, NC 27215, encompasses 7,884 square feet on a 3.73-acre lot, featuring eight loading docks. The Roxboro property, situated at 101 Lucy Garrett Rd, Roxboro, NC 27574, offers 3,581 square feet on 2.6 acres with four loading docks. Both boast ample yard space. Each warehouse is subject to a triple-net (NNN) lease with approximately eight years remaining on a 10-year term, including two fair market value renewal options. The properties offer a compelling 7.42% cap rate and a combined net operating income (NOI) of $266,940. Landlord responsibilities include roof, structure, and exterior maintenance

Highlights

  • Burlington, NC, Product Exchange Center, 7,884 SF building on 3.73 acres (162,479 SF lot), 8 dock-high doors, built in 2022.
  • Tenant: Frito-Lay Sales, LP; 120-month NNN lease with two fair market value options; 7.42% cap rate. Landlord responsible for roof, structure, exterior; tenant responsible for taxes, insurance, CAM.
  • Roxboro, NC, Product Exchange Center, 3,581 SF building on 2.6 acres (113,256 SF lot), 4 dock-high doors, built in 2022.
  • Tenant: Frito-Lay Sales, LP; 120-month NNN lease with two fair market value options; 7.42% cap rate. Landlord responsible for roof, structure, exterior; tenant responsible for taxes, insurance, CAM.

Property Details for 2946 Piper Ct

Property type
Other warehouses, Other retail properties
Square Feet
3,581 SF
Year Built
2022
Lot Size (sq. ft)
113,256 SF

Location Insight

City
Burlington
County
Alamance
State
North Carolina
Latitude
36.0488054
Longitude
-79.4626706
2946 Piper Ct, Burlington, North Carolina

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2946 Piper Ct
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