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Development Opportunity with Value-Add Ind. 221 Calabash Rd NW 20,650 SF 100% Leased Industrial Building Calabash, NC 28467 $7,720,849 CAD ($373.89 CAD/SF) 2.41% Cap Rate
Investment Highlights
- US LBM NNN lease at $6.54/SF with FMV rent reset at first renewal option in ~3 years
- Adjacent to $100M+ in retail development including a new Walmart Supercenter
- Calabash ranked #20 fastest-growing municipality in the U.S. with 22.9% growth
- ±18.66 acres of development land zoned for retail, medical, hospitality & mixed-use
- Brunswick County grew 24% from 2020–2024, fastest-growing county in North Carolina
- US LBM backed by Platinum Equity & Bain Capital; 460+ locations nationwide
Executive Summary
Gerard Hamas
License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
(866) 889-0550
License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
(866) 889-0550
Property Facts
| Price | $7,720,849 CAD | Property Type | Industrial |
| Price Per SF | $373.89 CAD | Rentable Building Area | 20,650 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 2.41% | Year Built | 2016 |
| Price | $7,720,849 CAD |
| Price Per SF | $373.89 CAD |
| Sale Type | Investment |
| Cap Rate | 2.41% |
| Property Type | Industrial |
| Rentable Building Area | 20,650 SF |
| No. Stories | 1 |
| Year Built | 2016 |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Contacts
-
Louis Murray -
Brett Davis -
Alexander Harrold -
Matthews Real Estate Investment Services
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Development Opportunity with Value-Add Ind. | 221 Calabash Rd NW
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