1980 Highway 70 E - Distribution FOR SALE


Jackson, TN 38305
$19,300,000 USD
918-494-2690
1980 Highway 70 E, Jackson, TN for Sale
$19,300,000 USD
Distribution - FOR SALE
1/13
null | 8.5% Cap Rate

1980 Highway 70 E
Jackson, TN 38305


HIGHLIGHTS

  • New Ten-Year Net Lease
  • At-Market Rents; Tight Market
  • Sector-Leading Tenant
  • Limited Landlord Responsibilities
  • Strategic Logistics Point

OVERVIEW

Northmarq is pleased to present this opportunity for qualified investors to acquire a single-tenant industrial property in Jackson, Tennessee, leased to Ascend Distribution, LLC, a leading super-regional carrier and third-party logistics firm. Ascend has executed a 10-year NNN lease with minimal landlord responsibilities and rents at or below market. The property consists of two industrial buildings totaling 354,000 SF on 33 acres. Jackson’s I-40 location midway between Nashville and Memphis has attracted +15 national and super regional carriers. The site is about one mile from the I-40 interchange. The Jackson, TN MSA has an economic base of +400,000 consumers and features +15 large manufacturing plants. Expansion land is available, offering long-term flexibility for the successful investor.

FOR SALE DETAILS

PRICE

$19,300,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

36 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

33

LAND SF

1,437,480

ZONING

Li

APN/PARCEL ID

057-015.01

ASK ABOUT THIS PROPERTY

Craig TomlinsonNorthmarqMore Info
918-494-2690

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Craig TomlinsonNorthmarqMore Info
918-494-2690

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