15440 Highland Dr - Manufacturing FOR SALE


Mc Kenzie, TN 38201
$18,533,333 USD
612-413-4200
15440 Highland Dr, Mc Kenzie, TN for Sale
$18,533,333 USD
Manufacturing - FOR SALE
1/6
null | 9% Cap Rate

15440 Highland Dr
Mc Kenzie, TN 38201


HIGHLIGHTS

  • New Roof & Recent Renovations
  • Fully Occupied with Brand New Tenant
  • Corporate Guarantee & Annual Increases
  • Large Industrial Facility with Expansive Lot
  • Rail Access on Main Throughway

OVERVIEW

New Roof & Recent Renovations - Current owner has placed over $3M into renovating the building including a new roof and interior renovations. Fully Occupied with Brand New Tenant - Property is 100% occupied by GazMin Motors. For this McKenzie, TN location, the tenant will ship over 200-300 units to store within the warehouse, assemble on site for sale, and have a showroom. This will be the first site in the U.S., with plans to open in Texas, California, and Florida. Corporate Guarantee & Annual Increases - Corporate guaranteed lease with 2% annual rent increases and two 5-year options. Large Industrial Facility with Expansive Lot - Property includes almost 200,000 SF of warehouse space on a 10 acre lot. Rail Access on Main Throughway - Located on Hwy 76, which is the main throughway through Mckenzie, along the railway.

FOR SALE DETAILS

PRICE

$18,533,333 USD

PRICE/SF

$95 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GazMin Motors | McKenzie, TN

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

22 Ft

DOCKS

35

DRIVE INS

10

PARKING SPACES

600

LAND DETAILS

LAND ACRES

10

LAND SF

435,600

ZONING

-

APN/PARCEL ID

016D-C-001.01

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.