For Sale
$13,156,000

1701 Childress RdLewisburg, TN 37091

Net lease manufacturing facility, 200,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 200,000-square-foot manufacturing facility situated on 40.81 acres in the Lewisburg Industrial Park, Tennessee. Currently under a net lease with a single tenant, the property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $888,000. The lease, commencing March 1, 2024, and expiring February 28, 2029, offers a remaining term of approximately 4.3 years, providing immediate cash flow. The asking price is $13,156,000, translating to a price per square foot of $65.78. Annual rent bumps of $0.24 per square foot offer inflation protection. The property enjoys a prime location with excellent access to I-431 (15,986 AADT), placing it within easy reach of major markets throughout the Southeast. The surrounding area features a robust workforce exceeding 450,000 within a 30-minute commute, and a strong local economy with an average household income within 15 miles of $87,785 and an average home value of $354,194. The property's strategic location within the industrial park provides proximity to numerous large employers, including Teledyne Advanced Electronic Solutions, Marelli, and others. A one-time lease option for an additional two years is included. This is a rare opportunity to acquire a stable, high-performing industrial asset with significant long-term potential.

Highlights

  • $13,156,000 asking price for this 200,000 SF industrial property.
  • Net lease investment with a 6.75% cap rate and $888,000 NOI.
  • Single-tenant, net lease with 4.3 years remaining on a 5-year term, commencing March 1, 2024.
  • $65.78/SF price, with annual rent bumps of $0.24/SF.
  • Located on a 40.81-acre lot at 1701 Childress Rd, Lewisburg, TN 37091, offering convenient access to I-431.

Property Details for 1701 Childress Rd

Property type
Industrial properties, Manufacturing properties
Square Feet
200,000 SF
Lot Size (sq. ft)
1,777,684 SF

Location Insight

City
Lewisburg
County
Marshall
State
Tennessee
Latitude
35.4307881
Longitude
-86.750538
1701 Childress Rd, Lewisburg, Tennessee

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1701 Childress Rd
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