1893 Remount Rd | Gastonia, NC 28054
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- LoopNet Team
1893 Remount Rd
Gastonia, NC 28054
Gannett Co. Inc. · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Lease is Guaranteed by Gannett Co., Inc (NYSE - GCI). $2.9 billion in revenues and $2.3 billion in assets for 2022.
- Rent increases annually by 2.1%, providing income growth and a strong hedge against inflation
- Adjacent to Interstate 85 with over 125,000 VPD. Positioned across from Caromont Regional Medical Center, a nationally-recognized acute care hospital
- No maintenance or expense responsibilities for the Landlord | Ideal passive investment
- Below Market Rent | Currently leased at $5.18/SF in a market that is delivering $5.50-6.50/SF NNN
- Charlotte MSA | 22nd largest MSA in the US | Located 18 miles from downtown Charlotte and 13 miles from Charlotte Douglas International Airport
PROPERTY FACTS
PROPERTY TAXES
| Parcel Number | 119445 | Improvements Assessment | $4,074,980 |
| Land Assessment | $1,294,910 | Total Assessment | $5,369,890 |
PROPERTY TAXES
Parcel Number
119445
Land Assessment
$1,294,910
Improvements Assessment
$4,074,980
Total Assessment
$5,369,890
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