Sylva Rd Franklin, NC 28734
- Industrial properties
- 5,967 SF
- 8.95 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 0 Sylva Rd
- Year built
- 2024
- Lot size
- 8.95 lot acres
- Property size
- 5,967 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This exceptional investment opportunity presents a 5,967-square-foot Frito-Lay distribution center in Franklin, North Carolina. Located on an 8.95-acre lot at Sylva Rd, 28734, this property boasts a strong 10-year net lease with a corporate guarantee, commencing July 15, 2024, and expiring July 14, 2034. The current annual net operating income (NOI) stands at $278,796, representing a compelling 6.25% capitalization rate based on the $4,460,736 asking price. The building, constructed in 2024, enjoys 100% occupancy. The lease includes a 2% annual rent increase, ensuring consistent income growth. Two five-year renewal options extend the potential lease term significantly beyond the initial 10 years. This single-tenant, net-lease property offers a secure, long-term investment with a strong tenant and attractive financial metrics. The price per square foot is $747.57. This is a rare opportunity to acquire a high-quality, strategically located distribution center with a blue-chip tenant. The property's location in Franklin, NC provides excellent access to regional transportation networks, further enhancing its investment appeal. The property's robust financial performance and long-term lease make it an ideal addition to any diversified investment portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Macon
- State
- North Carolina
- Longitude
- -83.3602
- Latitude
- 35.2094
