NNN-Leased Small-Bay Industrial 4 Industrial Properties Offered at $5,300,000 in Denver, NC

NNN-leased, four-building small-bay industrial property in the heart of the Lake Norman growth corridor — 32,399 SF across four buildings on 2.63 acres, stabilized with three tenants on triple-net terms. The property delivers $361,071 of in-place NOI and a 6.81% cap rate at the $5,300,000 asking price ($163.58/SF), with landlord limited Landlord responsibilities.
Built-in upside: JmSneakers' (Building 2) lease rolls in November 2026, and re-tenanting at market ($13.00/SF NNN) drives a 7.23% pro-forma cap. Building 2 can also be demised into two ±4,409 SF suites to widen the tenant pool. Anchor tenant Botero Carts (Building 1) is committed through February 2029 with 3% annual escalations and a personal guaranty; All Granite (Buildings 3 & 4) carries 3.5% annual bumps and two renewal options.
The site fronts N NC-16 Business Hwy (8,700 VPD) with ELDD I-G general industrial zoning and a broad permitted-use set, three-quarters of a mile to Hwy 150 and 1.5 miles to Hwy 16. Denver anchors the Lake Norman corridor — 2.7% annual population growth and $113,000+ average household income within five miles — a supply-constrained, high-barrier market poised for continued appreciation.