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GazMin Motors

15440 Highland Drive, McKenzie, TN 38201

$18,533,333

Cap Rate 9.00%

Views: 69 DOM: 86 Updated: 09.24.24 Posted: 08.29.24 Status: Active

Summary

Price $18,533,333
Built/Renov 1945/2024
Tenant GazMin Motors
Cap Rate 9.00%
Lease Type NN+
Guarantor Corporate
Size/SF 196,114
Lease Start 07-22-2024
#Units 2
Price/SF $94.50
Expiration 07-21-2034
Tenant Type Industrial
NOI $1,668,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $8.51
Increases 2.0%/1/yrs
Pop 5Mi 14,500
Lot/AC 10.00
Options 2/5yrs/2%
AHHI 5Mi $46,619

Cory Krupinsky
Brisky Net Lease
Contact

Lease Highlights

  • GazMin Motors has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

GazMin Motors is strategically located on Highland Drive, adjacent to Highway 76, the main thoroughfare through McKenzie, and alongside the railway. The site is undergoing $3M in renovations including a new roof and interior renovations. It includes almost 200,000 SF of warehouse space on a 10-acre lot. The property benefits from its proximity to well-known national brands, including Walmart...

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Key Features

  • Recent renovation

  • Oversized lot

  • New roof

  • Strategically located

  • Highway close

  • Income tax free state

  • Brand new lease

  • Favorable NN+ lease

  • Annual rent increases

  • Corporate Guarantee

    • ...

Links

GazMin Motors Wikipedia McKenzie, Tennessee Zip Code 38201 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: GazMin Motors
  • Guarantor:Corporate
  • Company:GazMin International
  • # Units:2
  • Stock:Private

About Tenant

GazMin Motors is a motor vehicle manufacturing and supply company that originated from GazMin International and is an authorized agent and distributor for motorcycles manufactured by Huaihai...


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Listing Broker

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