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Single-Tenant Warehouse Building

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Address

2809 Superior Drive
Wake Forest, NC 27587

Overview

This warehouse is the newspaper distribution center for the NE Raleigh and Wake Forest routes of the Raleigh News and Observer. The building was built for the N&O in 2002 and is located just off Capital Blvd, 4 miles north of I-540.

  • Approximately $100,000 NOI and 9.5% cap rate
  • 8 years remaining on lease
  • 3% annual escalations
  • N&O is owned by The McClatchy Company

Link to Tax Records

Additional Information:


Unit Information

UnitSizeType2010 RentLease Exp
2809 Superior 9,990 SF 8,734 SF WH, 1,256 SF OFF $109,909 ($9,159/mo) 12/31/17

Property Information

PIN
1739725562
Tax Value
$587,010
Taxes
$6,128.38
Lot Size
1.50 ACRES
Year Built
2002
Insurance
$961
Exterior
BLOCK, METAL
Foundation
SLAB
HVAC
WAREHOUSE AND OFFICE
Ceilings
+/- 15 FT
Bay Doors
4 DRIVE-UP, 3 DRIVE-IN, 1 LOADING DOCK
Utilities
Paid by tenant