Beacon Roofing Supply

1810 Getwell Road, Memphis, TN 38111

$5,600,000

Cap Rate 6.42%

Views: 87 DOM: 141 Updated: 09.06.24 Posted: 06.12.24 Status: Active

Summary

Price $5,600,000	Built/Renov 1973/2021	Tenant Beacon Roofing Supply
Cap Rate 6.42%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 47,070	Lease Start 05-31-2021	#Units 539
Price/SF $118.97	Expiration 05-31-2031	Tenant Type Industrial
NOI $359,429	R. Term 6.7	Ownership Fee Simple
Rent/SF $7.64	Increases 1.5%/1/yrs	Pop 5Mi 206,553
Lot/AC 6.37	Options 2/7yrs/1.5%	AHHI 5Mi $68,310

Kaveh Ebrahimi

Helios

Contact

Lease Highlights

Beacon Roofing Supply has 6+ years remaining on the current lease term with 2 (7-year) options to extend
The lease features 1.5% annual rental increases throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Beacon Roofing Supply is strategically located on Getwell Road, surrounded by well-known national tenants including FedEx, Walmart Distribution Center, Ferguson Plumbing Supply, McDonald's, Hertz Car Rental, Family Dollar, and more. Additionally, it is within proximity to the University of Memphis and approximately 6 miles from Memphis International Airport. The 5-mile trade area is supported...

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Key Features

Recent renovation
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Favorable NN+ lease
Annual rent increases
Traded and rated company
Corporate Guarantee

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Links

Beacon Roofing Supply Wikipedia Beacon Roofing Supply Wikipedia Memphis, Tennessee Zip Code 38111 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Beaon Roofing Supply
Guarantor:Corp T and Rated
Company:Beacon Roofing Supply, Inc.
# Units:539
Tenant S&P: B+
Moody’s: Ba3
Stock: NASDAQ: BECN

About Tenant

Beacon Roofing Supply, Inc. (aka Beacon Building Products) is the largest publicly traded distributor of roofing materials and complementary building products, such as siding and waterproofing, in...

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Listing Broker

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