Food Lion - Net Lease Property for Sale
Garner, NC
Key Investment Metrics
Price
$6,460,000
Cap Rate
5.3%
Net Operating Income
$339,200
Building Size
35976 SF
Lot Size
35,976 SF
Land Area
6.44 Acres
Remaining Term
22.9 years
Lease Expiration
11/30/2048
Lease Term
25.1 years
Lease Commencement
11/15/2023
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
10% in Year 11, Year 21, and Each Option
About This Food Lion Net Lease Property
This Food Lion NNN (triple net lease) property is located in Garner, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 35976 square feet of building space and was built in 2024.
With a cap rate of 5.3%, this Food Lion net lease property offers stable income potential. The asking price is $6,460,000, making it an attractive option for 1031 exchange investors seeking quality Food Lion commercial properties.
Why Invest in Food Lion NNN Properties?
- Stable Income: Food Lion net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Food Lion is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Garner, NC Market Overview
Located in Garner, NC, this Food Lion property benefits from strong local demographics and market fundamentals. The Garner area offers excellent visibility and accessibility, making it an ideal location for Food Lion operations and a solid investment for net lease property buyers.