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277 Lawing Rd
Forest City, NC 28043
Frito Lay Product Exchange Center · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Greater Charlotte Logistics Hub – ±1 hour from Charlotte with access to I-85, I-77, I-40, and Charlotte Douglas International Airport
- Credit Tenant – Frito-Lay / PepsiCo (A+ / A1 rated), generating $24.75B in 2024 revenue and 49% of PepsiCo’s operating profit
- Functional Design – Abundant yard/trailer parking with efficient ±6.65% building/lot coverage
- Strategic Corridor Location – Along U.S. Hwy 74 near I-85, connecting to Charlotte, Atlanta, Asheville, and the Eastern Seaboard
- Brand-New Construction – ±7,653 SF distribution center on ±2.64 AC with 8 dock-high doors and expansion potential
- 10-Year NNN Lease – Commenced Nov. 2023 with ±2% annual rent increases
EXECUTIVE SUMMARY
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Sale Type | Investment NNN | Rentable Building Area | 7,653 SF |
| Cap Rate | 6.70% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2023 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.05/1,000 SF |
| Lot Size | 2.64 AC | No. Dock-High Doors/Loading | 8 |
| Sale Type | Investment NNN |
| Cap Rate | 6.70% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.64 AC |
| Rentable Building Area | 7,653 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Tenancy | Single |
| Parking Ratio | 1.05/1,000 SF |
| No. Dock-High Doors/Loading | 8 |
AMENITIES
- Yard
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