GazMin Motors | McKenzie, TN 15440 Highland Dr 196,114 SF Industrial Building Mc Kenzie, TN 38201 $18,533,333 ($94.50/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- New Roof & Recent Renovations
- Corporate Guarantee & Annual Increases
- Rail Access on Main Throughway
- Fully Occupied with Brand New Tenant
- Large Industrial Facility with Expansive Lot
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
AMENITIES
- Front Loading
- Yard
- Air Conditioning
UTILITIES
- Lighting
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 016D-C-001.01 | Improvements Assessment | $232,040 |
| Land Assessment | $248,680 | Total Assessment | $480,720 |
CONTACT
-
Brian Brockman -
Bang Realty