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YOGASLEEP - NET LEASED INVESTMENT 3870 US Highway 421 N 71,035 SF 100% Leased Industrial Building Wilmington, NC 28401 $12,200,000 ($171.75/SF) 6.22% Cap Rate
Investment Highlights
- Net Lease Investment, with a brand new lease executed at closing.
- Proven tenant that has been in business for over 60 years.
- 60 month term, with annual escalations.
- Attractive fundamentals, with a market lease rate on highly active real estate in a strong market.
Executive Summary
Cape Fear Commercial is pleased to present the Sale-Leaseback of the Yogasleep headquarters, a recently constructed ±71,035 SF freestanding warehouse in Wilmington, NC.
The building is currently owned and occupied by an affiliated entity of Yogasleep (Marpac, LLC), a leading manufacturer and distributor of sound machines and other innovative sleep-related products.
The building is currently owned and occupied by an affiliated entity of Yogasleep (Marpac, LLC), a leading manufacturer and distributor of sound machines and other innovative sleep-related products.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$759,000
|
$10.68
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $759,000 |
| Annual Per SF | $10.68 |
Property Facts
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 71,035 SF
- $10.68
- Triple Net
- -
Yogasleep, born from a heartfelt mission to help a loved one find peaceful sleep, is dedicated to enhancing your sleep experience through high-quality mattresses, innovative sound machines, and accessories.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 71,035 SF | $10.68 | Triple Net | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R02400-001-003-000 | Improvements Assessment | $5,924,100 (2025) |
| Land Assessment | $612,600 (2025) | Total Assessment | $6,536,700 (2025) |
Property Taxes
Parcel Number
R02400-001-003-000
Land Assessment
$612,600 (2025)
Improvements Assessment
$5,924,100 (2025)
Total Assessment
$6,536,700 (2025)
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YOGASLEEP - NET LEASED INVESTMENT | 3870 US Highway 421 N
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