Overview

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 47,070 SF Beacon Roofing Supply at 1810 Getwell Road in Memphis, Tennessee. This Opportunity Includes a Recently Extended 10 Year Lease With a 1.5% Increase Per Year, Providing For a Secure Investment.




In Cooperation With Sands Investment Group Tennessee, LLC 
BoR: Kaveh Ebrahimi - Lic. #263973

Highlights

• STRONG ECONOMICS: Tenant Recently Renewed Lease Showing Commitment to the Site; Features a New 10 Year Extension With Attractive 1.5% Annual Increases With Two 7-Year Options
• NEW FULLY RENOVATED PROPERTY: The Owner is Making a Large Investment Into the Property With a Complete Renovation That is Scheduled to Be Completed May 2021
• NEW ROOF AND CONSTRUCTION: Main Structure of 39,070 SF Includes a New Roof, New Electrical Paneling and Fire Sprinkler System; Second Structure is a Newly Constructed Storage Facility of 8,000 SF With a 20’ Clear Height
• STRONG DEPRECIATION: The Newly Renovated Property Will Offer a Great Opportunity For Depreciation; Contact Broker For a Full Schedule of Capital Improvements
• LIMITED COMPETITION: This is the Only Beacon Roofing Supply Within a 100-Mile Radius, Offering Them a Protected Trade Area and Ensuring That Beacon Will Continue to Operate Here For Years to Come
• EXCELLENT LOCATION: The Property is Strategically Located Just Off I-240, Which Sees Over 172,300 VPD With Very Strong Visibility From the Interstate
• PROXIMITY: 6-Miles From the Memphis International Airport and 13-Miles From Downtown Memphis
• EXCELLENT TRADE AREA: Nearby Tenants Include Walmart Distribution Center, FedEx Ship Center, FedEx World Hub, TAG Truck Center, Ferguson Plumbing Supply, ABC Supply Co., Inc. and More

Documents

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