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716 N Norwood St
Wallace, NC 28466
Genuine Parts Co · Industrial Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate Guarantee From Genuine Parts Company (NYSE: GPC) With a Market Cap of Approximately $12.5 Billion
  • Triple Net (NNN) Lease With Minimal Landlord Responsibilities
  • Below Market Rent
  • Deemed as an Essential Business
  • Very Attractive Annual Rent Increases of Greater of 2.5% or CPI
  • Strategically Located on a Corner at a Signalized Intersection

PROPERTY FACTS

Property Type Industrial
Property Subtype
Warehouse
  • General Retail Freestanding
  • Industrial Distribution
  • Showroom
Building Class C
Lot Size 1.34 AC
Rentable Building Area 11,769 SF
No. Stories 1
Year Built 1967
Tenancy Single
Parking Ratio 4.26/1,000 SF
No. Drive In / Grade-Level Doors 4
Zoning C

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-407
Land Assessment
$300,000
Improvements Assessment
$696,104
Total Assessment
$996,104
  • Listing ID: 20290266

  • Date on Market: 7/15/2020

  • Last Updated:

  • Address: 716 N Norwood St, Wallace, NC 28466

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