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2026 W US 70 Hwy 124,388 SF Industrial Building Goldsboro, NC 27530 $18,569,307 CAD ($149.29 CAD/SF) 5% Cap Rate



Investment Highlights
- Link to Download Offering Memorandum: https://www.pcplistings.com/listings/2026west70hwy
- NNN LEASE | GRUMA CORPORATE SIGNATURE | RECENT 10 YEAR EXTENSION | 3% BUMPS
- LOCATION WITHIN THRIVING GOLDSBORO MARKET (LOW VACANCY / LIMITED NEW SUPPLY)
- 100 % LEASED TO INVESTMENT GRADE CREDIT TENANT | WORLD LEADER IN SECTOR
- HIGH CONNECTIVITY LOCATION & SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDAMENTALS
Executive Summary
100 % LEASED TO INVESTMENT GRADE CREDIT TENANT | WORLD LEADER IN SECTOR
— 100% leased to Mission Foods, a wholly owned subsidiary of Gruma Corporation – a publicly traded (OTCMKTS : GPAGF) world leader in the production of corn and flour tortillas with 2024 annual revenues of over $6.49B.
— Gruma features an S&P credit rating of BBB + representing investment grade credit tenancy creating a highly secured income stream.
NNN LEASE | GRUMA CORPORATE SIGNATURE | RECENT 10 YEAR EXTENSION | 3% BUMPS
— The lease is secured by a corporate Gruma signature, the income stream is backed by the full financial strength of the parent organization.
— Mission Foods (Gruma) has occupied the premises since 2020. The Tenant recently demonstrated their strong commitment to the location in Q4 2025 by extending the lease an additional ten (10) years which pushed the expiration to June 2036 (±10.25 Years Remaining as of 4/1/26 analysis start).
— The NNN lease structure calls for extremely limited Landlord Responsibilities and is nearly Absolute NNN. In addition, the lease features attractive 3% annual increases throughout the duration of the primary term providing solid NOI growth.
HIGH CONNECTIVITY LOCATION & SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDAMENTALS
— The site benefits from a strategic location with exceptional regional connectivity. Situated directly on US Highway 70, a major east-west corridor, the site offers seamless access to key transportation routes including Interstate 95 and Interstate 40, both within a short driving distance. This proximity enables efficient distribution across North Carolina and the broader Southeastern U.S. region. The facility is ideally suited to support Mission Foods’ (Gruma’s) high-volume warehousing and distribution needs, ensuring timely delivery and supply chain reliability.
LOCATION WITHIN THRIVING GOLDSBORO MARKET (LOW VACANCY / LIMITED NEW SUPPLY)
— The Goldsboro, NC industrial market possesses extremely healthy fundamentals: 8.8 M SF of total inventory = mid-sized secondary Midwest market | Low Vacancy Rate of only 3.2% as of Q4 2025 | Five (5) Year Average Vacancy rate of only 5.5% = sustained / consistent health | ZERO industrial space over 10K SF under construction as of Q4 2025 = Scarce Supply
— 100% leased to Mission Foods, a wholly owned subsidiary of Gruma Corporation – a publicly traded (OTCMKTS : GPAGF) world leader in the production of corn and flour tortillas with 2024 annual revenues of over $6.49B.
— Gruma features an S&P credit rating of BBB + representing investment grade credit tenancy creating a highly secured income stream.
NNN LEASE | GRUMA CORPORATE SIGNATURE | RECENT 10 YEAR EXTENSION | 3% BUMPS
— The lease is secured by a corporate Gruma signature, the income stream is backed by the full financial strength of the parent organization.
— Mission Foods (Gruma) has occupied the premises since 2020. The Tenant recently demonstrated their strong commitment to the location in Q4 2025 by extending the lease an additional ten (10) years which pushed the expiration to June 2036 (±10.25 Years Remaining as of 4/1/26 analysis start).
— The NNN lease structure calls for extremely limited Landlord Responsibilities and is nearly Absolute NNN. In addition, the lease features attractive 3% annual increases throughout the duration of the primary term providing solid NOI growth.
HIGH CONNECTIVITY LOCATION & SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDAMENTALS
— The site benefits from a strategic location with exceptional regional connectivity. Situated directly on US Highway 70, a major east-west corridor, the site offers seamless access to key transportation routes including Interstate 95 and Interstate 40, both within a short driving distance. This proximity enables efficient distribution across North Carolina and the broader Southeastern U.S. region. The facility is ideally suited to support Mission Foods’ (Gruma’s) high-volume warehousing and distribution needs, ensuring timely delivery and supply chain reliability.
LOCATION WITHIN THRIVING GOLDSBORO MARKET (LOW VACANCY / LIMITED NEW SUPPLY)
— The Goldsboro, NC industrial market possesses extremely healthy fundamentals: 8.8 M SF of total inventory = mid-sized secondary Midwest market | Low Vacancy Rate of only 3.2% as of Q4 2025 | Five (5) Year Average Vacancy rate of only 5.5% = sustained / consistent health | ZERO industrial space over 10K SF under construction as of Q4 2025 = Scarce Supply
Property Facts
| Price | $18,569,307 CAD | Rentable Building Area | 124,388 SF |
| Price Per SF | $149.29 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1996 |
| Cap Rate | 5% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Refrigeration/Cold Storage | No. Dock-High Doors/Loading | 7 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 13.58 AC |
| Price | $18,569,307 CAD |
| Price Per SF | $149.29 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Property Type | Industrial |
| Property Subtype | Refrigeration/Cold Storage |
| Building Class | C |
| Lot Size | 13.58 AC |
| Rentable Building Area | 124,388 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Cooler
- Fenced Lot
- Floor Drains
- Air Conditioning
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