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Johnstone Supply Portfolio SOLD TOGETHER 5 Industrial Properties in Multiple Locations
Investment Highlights
- 10-year primary term- 7 YR Kick out on NC Locations
- Limited Landlord responsibility
- Instant scale in a robust South Eastern Market
- Annual rent escalations- Rent escalates in July 2026 on NC locations and in December on the SC location
- All weather tenant
- To be sold as a portfolio
Executive Summary
PORFOLIO SOLD TOGETHER: Leased INVESTMENT. Northstate Property Advisors is pleased to present the exclusive offering of a five-property Johnstone Supply industrial portfolio. Strategically located throughout North Carolina and South Carolina. The portfolio consists of distribution and retail warehouse facilities in the Charlotte MSA (Gastonia, Monroe, Concord), Fayetteville, and the Myrtle Beach market (Murrells Inlet). SC property is listed by Mossy Oak Properties. Each property is leased to Johnstone Supply or a Johnstone Supply individual operator. Johnstone Supply is a leading national HVAC wholesale distributor with more than 470 locations and over 4.5 billion in annual revenue. The assets serve as mission-critical branch distribution facilities supporting contractor networks across their respective regions. The portfolio comprises approximately 217,233 square feet situated on approximately 18.21 acres.
The lease structures provide durable income with long-term stability:
*10-year primary lease terms - 7 yr kick out on NC Locations.
*Annual rent escalations with rent bumps beginning in July 2026 for NC locations and in December for SC location.
*NN structures (Landlord responsible for roof and foundation)on NC locations. Absolute NNN on SC property.
*Fully engineered mezzanine consisting of 9200 SF over the retail area. No rental calculation in current lease based on this bonus feature.
*5 - year renewal options
*Combined annual rent: $1,668,000
The lease structures provide durable income with long-term stability:
*10-year primary lease terms - 7 yr kick out on NC Locations.
*Annual rent escalations with rent bumps beginning in July 2026 for NC locations and in December for SC location.
*NN structures (Landlord responsible for roof and foundation)on NC locations. Absolute NNN on SC property.
*Fully engineered mezzanine consisting of 9200 SF over the retail area. No rental calculation in current lease based on this bonus feature.
*5 - year renewal options
*Combined annual rent: $1,668,000
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Property Facts
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 171,028 SF |
| Number of Properties | 5 | Total Land Area | 20.54 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 171,028 SF |
| Total Land Area | 20.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Johnstone Supply Concord
2901 Zion Church Rd, Concord, NC 28025 |
Industrial | 59,400 SF | 2006 | - |
|
Johnstone Supply Fayetteville
810 S Eastern Blvd, Fayetteville, NC 28301 |
Industrial | 23,551 SF | 1998 | - |
|
Johnstone Supply Gastonia
2222 Plastics Dr, Gastonia, NC 28054 |
Industrial | 32,173 SF | 1972 | - |
|
Johnstone Supply Monroe
1707 Williams Road Ext, Monroe, NC 28110 |
Industrial | 25,200 SF | 2006 | - |
|
Johnstone Supply Murrells Inlet
850 Gator Ln, Murrells Inlet, SC 29576 |
Industrial | 30,704 SF | 1997 | - |
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Johnstone Supply Portfolio SOLD TOGETHER
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