For Sale
$267,675

4251 Pidgeon Roost RdMemphis, TN 38118

High-yield warehouse, 100% occupied, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a freestanding industrial warehouse located at 4251 Pidgeon Roost Rd, Memphis, TN 38118. The property boasts 3,999 square feet situated on a 0.62-acre lot. Currently 100% occupied under a triple-net (NNN) lease, the property offers a strong 8.00% capitalization rate with a Net Operating Income (NOI) of $21,414. The asking price is $267,675. The lease expires on March 31, 2027, and includes no renewal options. The tenant has a 10-year history at this location and is currently paying below-market rent, presenting a significant upside potential for the future. This is a rare chance to acquire a well-located, income-producing industrial asset in a thriving Memphis market. The property's size and location make it ideal for a variety of uses. The current lease structure minimizes landlord responsibilities, making this an attractive, low-maintenance investment. Don't miss this opportunity to add a high-performing asset to your portfolio.

Highlights

  • 4251 Pidgeon Roost Rd, Memphis, TN 38118
  • 3,999 SF freestanding industrial building on a 0.62-acre lot
  • 100% occupied, offering an 8% capitalization rate
  • Absolute NNN lease with a $21,414 NOI
  • Asking price: $267,675
  • Lease expires March 2027, no renewal options

Property Details for 4251 Pidgeon Roost Rd

Property type
Warehouses, Industrial properties
Square Feet
3,999 SF
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.0466425
Longitude
-89.92202
4251 Pidgeon Roost Rd, Memphis, Tennessee

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4251 Pidgeon Roost Rd
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