Flowers Foods | 217 Woodington Rd
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Flowers Foods 217 Woodington Rd
5,200 SF Industrial Building Hope Mills, NC 28348 $910,000 ($175/SF) 8.02% Cap Rate
Investment Highlights
- STRONG QUALITY TENANT – Flowers Foods (NYSE: FLO) has been at this site since 2013 and has a lease in place through June 2028.
- HIGH QUALITY CONSTRUCTION – The facility was retrofitted in 2013, specifically to meet the needs of Flowers Foods.
- THRIVING INDUSTRIAL SUBMARKET – This site is located in a dense industrial pocket inside the Southwest Fayetteville Industrial Submarket.
- 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.
- LOW BUILDING COVERAGE RATIO – With over 3 acres of C3-zoned land, this deal boasts a building coverage ratio that is under 4%.
Executive Summary
Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $910,000 | Rentable Building Area | 5,200 SF |
| Price Per SF | $175 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1990 |
| Cap Rate | 8.02% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 8.85/1,000 SF |
| Property Subtype | Truck Terminal | Clear Ceiling Height | 18 FT |
| Building Class | C | No. Dock-High Doors/Loading | 23 |
| Lot Size | 3.09 AC |
| Price | $910,000 |
| Price Per SF | $175 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | C |
| Lot Size | 3.09 AC |
| Rentable Building Area | 5,200 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 8.85/1,000 SF |
| Clear Ceiling Height | 18 FT |
| No. Dock-High Doors/Loading | 23 |
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PROPERTY TAXES
| Parcel Number | 0413-82-4876 | Improvements Assessment | $0 |
| Land Assessment | $235,354 | Total Assessment | $235,354 |
PROPERTY TAXES
Parcel Number
0413-82-4876
Land Assessment
$235,354
Improvements Assessment
$0
Total Assessment
$235,354
zoning
| Zoning Code | C3 |
| C3 |
-
Harrison Auerbach -
Matthews Real Estate Investment Services
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Flowers Foods | 217 Woodington Rd
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