NNN Leaseback Industrial Carolina Core

NAI Piedmont Triad is pleased to exclusively present a rare investment opportunity to acquire a value-add industrial portfolio comprising seven buildings in Liberty, North Carolina. 206 E Frazier Avenue comprises seven buildings, delivered between 1930 and 2011. The buildings reside on a 7-acre lot with IL industrial zoning. The vacant portion comprises building 1 (office) with 4,884 square feet, building 2 (manufacturing/warehouse) with 18,200 square feet, building 3 (warehouse) with 2,880 square feet, and building 4 (manufacturing/warehouse) with 42,211 square feet. Building 5 (manufacturing) with 13,392 square feet, building 6 (warehouse) with 18,000 square feet, and building 7 (manufacturing/warehouse) with 28,000 square feet will be leased back by the owner for a five-year term. The current owner and future tenant specializes in furniture manufacturing, and the remaining space could be utilized in a variety of ways.

206 E Frazier Avenue is well-positioned in Liberty, NC, just off S Fayetteville Street/NC Route 49 and in close proximity to the heavily trafficked NC Route 421. Located in the southeastern portion of the Piedmont Triad Region, 206 E Frazier Avenue is proximate to major population hubs like Greensboro, High Point, Winston-Salem, and even the Raleigh-Durham area. Greensboro is located less than 30 minutes away, and High Point, the furniture capital of the world, is just over 30 minutes away. Winston-Salem is approximately 50 minutes away, and Durham is just over an hour away. The property's locale between large population hubs provides a new owner with an immense, well-educated, and well-trained workforce that continues to grow.

206 E Frazier Avenue sits less than 1 mile from downtown Liberty, which has national amenities like Advanced Auto Parts, Dollar General, Dollar Tree, Food Lion, and Subway, as well as local favorites like Hurricane Jane's, Kidd's Drive-In, Maria's Famous Subs & Pizza, Sam's Diner, and Y'all Come Back Cafe. The 10-mile population has a current population north of 39,000 residents with a solid average household income above $75,000 and total specified consumer spending above $481.9M. The 10-mile radius has a workforce above 7,750; however, with proximity to largely populated areas, a strong caliber tenant could easily attract workers from outside the 10-mile radius where the workforce climbs significantly.