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

Industrial properties

Property subtype

Other 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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].