217 Woodington Rd Hope Mills, NC 28348-8551

Property Details for 217 Woodington Rd

Year built

1980

Lot size

3.09 lot acres

Property size

6,000 SF

Zone code

C3-HEAVY COMM DIST

Property type

Distribution centers

APN

0413-83-0381

APU

413830381

Description

This exceptional 5,200 square foot distribution center in Hope Mills, North Carolina, presents a compelling investment opportunity. Boasting an 8.02% cap rate, the property is situated on a 3.09-acre lot (C3 zoning) and features a well-maintained facility retrofitted in 2013. The building, constructed of masonry and metal, includes 23 dock-high doors and a small office space. Ceiling heights range from 16 to 18 feet. The property benefits from a strong, investment-grade tenant, Flowers Foods (NYSE: FLO), under lease until June 2028. This long-term lease provides stability and predictable income. The strategic location off US 301 (15,000+ vehicles per day) and less than a mile from the I-95/Hwy 59 interchange (48,000+ vehicles per day) ensures high visibility and accessibility. Proximity to Downtown Hope Mills and Fayetteville further enhances its appeal. The low building coverage ratio (under 4%) offers significant potential for expansion, additional truck parking, or outside storage. The property is located within a thriving industrial submarket, surrounded by established businesses such as Taylor Express, Gregory Poole Equipment Company, SAIA LTL Freight, and FedEx Freight, indicating strong future value and growth potential. The asking price is $910,000, representing a price per square foot of $175. This is a rare opportunity to acquire a high-quality industrial property with a secure tenant and excellent growth prospects.

Location Insight

City

Hope Mills

County

Cumberland

State

North Carolina

Longitude

-78.9396

Latitude

34.9406

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments