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2222 Plastics Dr
Gastonia, NC 28054
Johnstone Supply Leased Properties · Property For Sale
·
171,028 SF Total
Investment Highlights
- 10-year primary term
- Limited Landlord responsibility
- Instant scale in a robust South Eastern Market
- Annual rent escalations
- All weather tenant
Executive Summary
Northstate Property Advisors is pleased to present the exclusive offering of a five-property Johnstone Supply industrial portfolio. Strategically located throughout North Carolina and South Carolina. The portfolio consists of distribution and retail warehouse facilities in the Charlotte MSA (Gastonia, Monroe, Concord), Fayetteville, and the Myrtle Beach market (Murrells Inlet). Each property is leased to Johnstone Supply or a Johnstone Supply individual operator. Johnstone Supply is a leading national HVAC wholesale distributor with more than 470 locations and over 4.5 billion in annual revenue. The assets serve as mission-critical branch distribution facilities supporting contractor networks across their respective regions. The portfolio comprises approximately 217,233 square feet situated on approximately 18.21 acres.
The lease structures provide durable income with long-term stability:
*10-year primary lease terms
*Annual rent escalations
*NNN structures (Landlord responsible for roof and foundation)
*5 - year renewal options
*Combined annual rent: $1,668,000
The lease structures provide durable income with long-term stability:
*10-year primary lease terms
*Annual rent escalations
*NNN structures (Landlord responsible for roof and foundation)
*5 - year renewal options
*Combined annual rent: $1,668,000
Property Facts
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 171,028 SF |
| Number of Properties | 5 | Total Land Area | 20.54 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 171,028 SF |
| Total Land Area | 20.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2901 Zion Church Rd, Concord, NC 28025 | Industrial | 59,400 SF | 2006 | - |
| 810 S Eastern Blvd, Fayetteville, NC 28301 | Industrial | 23,551 SF | 1998 | - |
| 2222 Plastics Dr, Gastonia, NC 28054 | Industrial | 32,173 SF | 1972 | - |
|
Johnstone Supply Company
1707 Williams Road Ext, Monroe, NC 28110 |
Retail | 25,200 SF | 2006 | - |
| 850 Gator Ln, Murrells Inlet, SC 29576 | Industrial | 30,704 SF | 1997 | - |
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