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

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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