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Food Lion | Ground Lease 55 Ford Meadows Dr 35,976 SF 100% Leased Retail Building Garner, NC 27529 $8,900,136 CAD ($247.39 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 new construction | Desirable lease term | 23 years remaining
- Significant tenant investment | Food Lion invested several million dollars into the construction of their building improvements
- Affluent surrounding area | $123,716 average household income within a 3-mile radius
- Corporate lease | Food Lion, LLC | 1,100 locations across the U.S.
- Explosive population growth within 1-mile | 142.72% from 2010-2025
- Large parcel | 6.44 acres
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Food Lion Ground Lease in Garner, NC. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Building Size
35,976 SF
Year Built
2024
Price
$8,900,136 CAD
Price Per SF
$247.39 CAD
Cap Rate
5.25%
NOI
$467,326 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
6.44 AC
Zoning
Commercial
Parking
186 Spaces (5.17 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
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Food Lion | Ground Lease | 55 Ford Meadows Dr
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