Harbor Freight - Erwin, NC 46 Shriji Ln 16,000 SF Retail Building Erwin, NC 28339 £3,390,379 (£211.90/SF) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Brand New Construction! 16,000 SF building built in 2025
- Next door to Walmart and Lowe’s Home Improvement
- 28 mi northeast of Fayetteville and 38 mi south of Raleigh, NC
- 1.53 acres in Harnett County, North Carolina
- 17,000 VPD along E. Jackson Blvd./ Highway 421
EXECUTIVE SUMMARY
CBRE presents a prime investment opportunity in Erwin, NC: a brand new 16,000 SF Harbor Freight Tools location. This NN 15-year lease investment is situated in Harnett County, one of North Carolina's fastest-growing areas. The property boasts a NOI of $268,000, a 6.00% cap rate, and is priced at $4,466,667. Located at 46 Shriji Lane, the building, constructed in 2025 and sits on 1.53 acres. It's strategically positioned next to Walmart and Lowe’s Home Improvement, with a traffic count of 17,000 vehicles per day along Jackson Road. The site is 28 miles northeast of Fayetteville and 38 miles south of Raleigh, making it a highly accessible and attractive investment.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
16,000 SF
Year Built
2025
Price
£3,390,379
Price Per SF
£211.90
Net Initial Yield
6%
NOI
£203,423
Tenancy
Single
Number of Floors
1
Building FAR
0.34
Lot Size
1.09 AC
Zoning
B2
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 061507 0226 01 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £99,472 |
