1701 Childress RdLewisburg, TN 37091

Property Details for 1701 Childress Rd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

35.00 AC

Property size (Sq ft)

157,270 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

059072 15600

APU

5907215600

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $38,073,676

  Hospitality

  $34,875,280

  Educational

  $29,015,824

  Medical

  $30,013,724

  Retail

  $45,135,728

Location Insight

City

Lewisburg

County

Marshall

State

Tennessee

Latitude

35.4298

Longitude

-86.7508

CBSA code

30280

CBSA name

LEWISBURG, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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