dC Automotive Warehouse For Sale

320 Commerce Court, Rocky Mount, NC

   SOLD!   

$3,250,000

Price

5.85%

Cap Rate

$190,000

NOI

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Street
Map
Overview
Cap Rate
5.85%
NOI
$190,000
Building Size
141,250 sqft
Lot Area
6.7 acres
Lease Type
Triple Net
Price Per Sqft
$23
Description

Sands Investment Group is Pleased to Present Exclusively For Sale the 141,250 SF dC Automotive Warehouse Located at 320 Commerce Court in Rocky Mount, NC. This Deal Includes a Long-Term Industrial Sale Leaseback With Attractive Lease Terms, Providing For a Unique Investment.






In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362

Highlights
  • This is a unique opportunity to acquire an industrial property with a brand new 15 year lease upon close of Escrow.
  • The property is located in a robust industrial submarket of Rocky Mount, NC.
  • An investor will get a new 15 year long term lease with attractive annual escalations.
  • dC Automotive is one of the largest warehouses for porsche parts in the U.S. and has been in business for 17 years in Rocky Mount, NC
  • The property has a waste oil furnace - US EPA Certified to dispose of oil and other liquids that pose a potential contamination threat in the service center.
  • 7 dock doors - 1 drive-in and 18 foot clear heights.
  • dC Automotive is currently investing money into putting in a brand-new roof amongst other tenant improvements ; This should be attractive to an investor for the residual value of the property and also demonstrate a commitment to the location.
  • Over 53,900 residents live within a 5-miles radius making an average household income of $56,506.
  • Rocky Mount, NC, is a growing city located close to the State Capitol of Raleigh.
  • Nearby tenants include: Food Lion, Family Dollar, Dollar Tree, Roses Discount Store, McDonald’s, Pizza Hut, Bojangles’, Piggly Wiggly, Sam's Club, Lowe’s, Walgreens, Goodwill, Harris Teeter and Many more.
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