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598,050 SF WAREHOUSE PLUS 91,808 SF TWO STORY OFFICE BUILDING 10 YEAR NET LEASE RURAL HALL, NC
OFFERING PRICE: $30,400,000New NN Lease Investment Opportunity
Hanesbrands, Inc.
531 Northridge Park
Rural Hall (Forsyth County), NC 27045
Building: Improvements consist of a 598,050-sf steel warehouse
with 10’ high brick wainscot, and a two-story, brick office building
containing 91,808-sf of NRA. Both buildings are situated on a 59.18 acre parcel.
Tenant: Headquartered in Winston-Salem, NC, Hanesbrands, Inc.
is a leading manufacturer and marketer of branded innerwear and
outerwear apparel.
Strategically Located: Rural Hall is located 11.4 miles north of
Winston-Salem’s CBD. Improvements are located within the
Piedmont Triad market in Winston-Salem, a rapidly growing market
driven by the expansion of industrial space by major corporations,
including FedEx, Dell, Hanesbrands, Polo, and P&G.
Lease Term: 10 years (matures December 31, 2016) with one,
five-year renewal option.
Lease Type: NN (structural replacements to the roof, foundation,
load bearing walls, and floor slab). Landlord also carries property
insurance.
Annual Net Income: $2,235,140 ($3.24 psf) with a 6.79% rent
increase on July 1, 2011, and a 9.25% increase at renewal on
January 1, 2017.
Contact Phone Number: 702-882-8657
Contact E-mail address: jjarelldlgrealty@yahoo.com
Brokerage Name: DLG Realty & Investments
Submitted by: admin
Property ID Number: 99
Property ID Name: Hanesbrands Warehouse
Added: Wed May 14 2008
