Flowers Foods For Sale
$1,000,000
217 Woodington Road, Hope Mills, NC 28348
For Sale
Industrial
Active
Last Updated: 09/24/2024
7.3
Cap Rate
5,200 sqft
Building Size
Details:
Cap Rate: 7.3%
Building Size: 5,200 sqft
Lot Area: 3.09 acres
Lease Type: Double Net
Year Built: 1990
Price Per Sqft: $192.31
Zoning: C3
CeilingHeight: 18
Highlights:
- STRONG QUALITY TENANT – Flowers Foods (NYSE: FLO) has been at this site since 2013 and has a lease in place through June 2028. Flowers Foods, headquartered in Thomasville, Georgia, is one of the largest baking companies in the United States with 46 highly efficient bakeries located across the country. Record sales of over $5.1 Billion in 2023.
- STRATEGIC LOCATION – The property is positioned strategically off US 301 with over 15,000 VPD, and less than a mile from the busy I-95 and Hwy 59 interchange with over 48,000 VPD. It is only three miles away from Downtown Hope Mills, and just under 10 miles away from Fayetteville.
- HIGH QUALITY CONSTRUCTION – The facility was retrofitted in 2013, specifically to meet the needs of Flowers Foods, and has been expertly maintained. It features masonry and metal construction, 23 dock doors, and a small office space.
- LOW BUILDING COVERAGE RATIO – With over 3 acres of C3-zoned land, this deal boasts a building coverage ratio that is under 4% and offers the purchaser an opportunity for truck parking, outside storage, or future development.
- THRIVING INDUSTRIAL SUBMARKET – This site is located in a dense industrial pocket inside the Southwest Fayetteville Industrial Submarket. It sits near strong industrial operations like Taylor Express, Gregory Poole Equipment Company, SAIA LTL Freight, and FedEx Freight. The long-term future value of the industrial real estate in this location is highlighted by the current activity and occupancy.
Documents:
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Offering Memorandum
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