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Views: 110 DOM: 215 Updated: 09.18.24 Posted: 04.24.24 Status: Active

Summary

Price $6,758,000
Built/Renov 2023
Tenant Goodman
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 45,050
Lease Start 10-01-2023
#Units 1,000
Price/SF $150.01
Expiration 09-30-2033
Tenant Type Industrial
NOI $439,238
R. Term 8.10
Ownership Fee Simple
Rent/SF $9.75
Increases 2.5%/1/yrs
Pop 5Mi 82,017
Lot/AC 3.06
Options 2/7yrs/2.5%
AHHI 5Mi $85,930

Lease Highlights

  • Brand-new 2023 construction
  • Goodman has 9+ years remaining on the current lease term with 2 (7-year) options to extend
  • The lease features 2.5% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Goodman is strategically located on Regions Park Drive, with access to 26,000 vehicles passing by daily. The property is conveniently situated near State Highway 255 (26,000 VPD), a major retail thoroughfare serving the city. Additionally, it is just east of Interstate 540 (51,000 VPD), another major north/south traveling thoroughfare. Moreover, this prime location provides easy access to Fort...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Goodman is a leading manufacturer of heating, ventilation, and air conditioning products for residential and light commercial use. The privately owned company was founded in 1975 and is a part...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,273 35,329 82,425
2023 Total Population : 2,231 35,406 82,017
2023 Employed Civilian Pop : 1,532 17,537 38,494
2023 Total Businesses : 195 2,102 4,109
2023 Average Household Income : $ 90,145 $ 90,128 $ 85,930
2023 Total Consumer Spending : $ 83 M $ 1205 M $ 2583 M
2023 Median Age : 39 41 40
2023 Total Households : 1,082 15,434 34,547
2023 Pop Age 25+: Bachelor's Degree : 343 4,978 10,997
2023 Average Home Value : $ 242,586 $ 217,955 $ 220,253
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Zero Street Prairie Dr 2021 22,000 0.22 mi
State Hwy 45 Industrial Dr 2017 14,000 0.29 mi
AR 45 Industrial Dr 2021 14,000 0.35 mi
Old Greenwood Rd Zero St 2002 12,000 0.40 mi
Zero Street Old Greenwood Rd 2021 19,000 0.64 mi
Old Greenwood Road Savannah Dr 2021 18,000 0.67 mi
540 Zero St 2021 4,100 0.70 mi
540 Zero St 2021 4,700 0.74 mi
540 I- 540 2021 3,700 0.74 mi
540 Zero St 2021 7,100 0.77 mi

Listing Broker

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