15440 Highland DrMcKenzie, TN 38201

Property Details for 15440 Highland Dr

Year built

1945

Lot size

29.83 AC

Property size (Sq ft)

6,284 SF

Property type

Warehouses

APN

009016D C 00101

APU

009016DC00101

Description

This exceptional investment opportunity presents a fully occupied, 196,114-square-foot industrial flex/warehouse facility in McKenzie, Tennessee. Currently leased to GazMin Motors under a corporate-guaranteed, 10-year net lease (expiring July 22, 2034) with 2% annual rent increases and two 5-year renewal options, this property boasts a strong 9.27% cap rate and a substantial net operating income (NOI) of $1,668,000. The asking price is $18,000,000, translating to a price per square foot of $91.78. GazMin Motors, a new tenant, utilizes the space for warehousing, assembly, and showroom operations, representing their first US location with expansion plans in other states. The property underwent extensive renovations in 2024, exceeding $3 million in improvements, including a new roof and interior upgrades. Situated on a 10-acre lot, this facility offers ample space and is strategically located on Highway 76, a main thoroughfare with rail access. The property's size, location, strong tenant, and lease terms make it an attractive investment prospect with significant long-term potential. The building was originally constructed in 1945.

Location Insight

City

Mc Kenzie

County

Carroll

State

Tennessee

Latitude

36.1237

Longitude

-88.5124

Property Tax & Assessments

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