Absolute NNN Flex Sale Leaseback

For Sale

1604-1616 S. Main Street, Lexington, NC 27292

This Lexington property for sale is located at 1604-1616 S. Main Street. The current listed sale price for Absolute NNN Flex Sale Leaseback is $4,500,000.

Contacts

broker
Cali Rich

Linville Team Partners

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 85,278 SF
  • Date Updated Jul 17, 2025
  • HVAC None
Located in the vibrant city of Lexington, the area surrounding Absolute NNN Flex Sale Leaseback presents an attractive opportunity for industrial and flex space investors. The city is known for its strong industrial and manufacturing presence, with notable establishments such as Egger Wood Products, LL Flooring, and other manufacturing and distribution facilities contributing to the area's industrial landscape. Additionally, Lexington offers a conducive business environment with access to major transportation routes, fostering efficient logistics and distribution operations. The city's strategic positioning, coupled with its skilled workforce and diverse industrial base, makes it an appealing location for investors seeking to establish a presence in the thriving industrial and flex space sector of Lexington.This spacious industrial property at 1604-1616 S. Main Street, Lexington, NC offers a prime investment opportunity for those seeking to expand their portfolio. With a substantial 85,278 square feet of space, it presents a solid foundation for a tenant like TDF Furniture. Boasting an attractive Net Operating Income of $360,000 and a long-term lease agreement featuring reliable rental escalations, this property provides a secure and lucrative investment option. Additionally, with the lease structured as Absolute NNN, investors can enjoy a passive income stream with minimal management responsibilities. Positioned in the bustling area of Lexington, this property is a valuable addition to any industrial or flex space portfolio.
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Highlights

  • LEASE TERM: 10 Year
  • LEASE TYPE: Absolute NNN
  • NOI: $360,000
  • RENEWALS: Two 5-Year Options
  • RENT ESCALATIONS: 2% Annually
  • RENT PSF: $4.22
  • SPACE OCCUPIED: ±85,278
  • TENANT: TDF Furniture

Getting around

  • 43/100

    Walk Score ®

  • 23/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lexington, NC
  • Zip Code 27292
  • Market Winston Salem Greensboro

Points of Interest

  • Mobil

    0.58 miles

  • Speedway

    0.63 miles

  • Pure

    0.68 miles

  • BP

    0.98 miles

  • Sheetz

    1.01 miles

  • Tesla Supercharger

    1.05 miles

  • Murphy USA

    1.12 miles

  • Gran Prix

    1.29 miles

  • Phillips 66

    1.66 miles

  • Shell

    1.75 miles

  • ModWash

    1.37 miles

  • Auto Wash

    1.41 miles

  • Carz Auto Spa

    1.49 miles

  • Sam's Car Wash

    1.73 miles

  • Enterprise

    1.93 miles

  • Level Up Detailing & Ceramic Coating

    8.00 miles

  • Christo's

    0.09 miles

  • Smokey Joe's Barbecue

    0.57 miles

  • Dunkin' Donuts

    0.64 miles

  • Thai House Bistro

    0.83 miles

  • KFC

    1.07 miles

  • Tasty China

    1.08 miles

  • Kearney's Drive-In

    1.09 miles

  • Jj's Mama's Soulfood & More Llc

    1.11 miles

  • La Carreta

    1.16 miles

  • Subway

    1.24 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cali Rich

Linville Team Partners

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