This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1030 Fort Worth
Fayetteville, NC 28312
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- 127,750 SF Single Tenant Industrial Distribution Facility
- Current Rent Has Not Increased Since 2003
- Re-Tenanting Opportunity Due to Tenant's Decision to Vacate
- Land to Building Ratio is 7.26:1 (Usable)
PROPERTY FACTS
| Property Type | Industrial | Year Built/Renovated | 1999/2022 |
| Property Subtype | Warehouse | Parking Ratio | 0.35/1,000 SF |
| Building Class | A | Clear Ceiling Height | 41’ |
| Lot Size | 23.80 AC | No. Dock-High Doors/Loading | 10 |
| Rentable Building Area | 127,750 SF | No. Drive In / Grade-Level Doors | 1 |
| No. Stories | 1 | ||
| Zoning | M2 - Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 23.80 AC |
| Rentable Building Area | 127,750 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1999/2022 |
| Parking Ratio | 0.35/1,000 SF |
| Clear Ceiling Height | 41’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M2 - Industrial |
AMENITIES
- Signage
ABOUT 1030 FORT WORTH , FAYETTEVILLE, NC 28312
Located on 23.8 Acres acres, the 127,750 square-foot Property is currently encumbered by a Triple Net Lease by Delta Apparel, Inc. Out of that space, 1,000 SF is an office area and 4,500 SF is a "company store/retail area" The property was built in 1999. The initial base lease term was for ten (10) years with zero landlord responsibility but was amended 5 times and is currently under its 5th Amendment extending the lease out to October 2023. Annual rent is currently $565,620. There are no rent increase or renewal options. This lease also includes a termination clause starting in 2020 but, to exercise this clause the tenant needs to give 12-month notice leaving the earliest Delta can vacate the property is October 2021.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,658,147 | |
| Land Assessment | $302,917 | Total Assessment | $5,961,064 |
PROPERTY TAXES
