102 Magneti Marelli Dr, Pulaski, TN 38478

Newmark is pleased to present the opportunity to acquire a purpose-built, net-leased industrial manufacturing facility located at 102 Magneti Marelli Drive in Pulaski, Tennessee (the "Property"). The Property consists of ~110,000 SF, including 78,000+ SF of fully heated and air-conditioned, 30' clear manufacturing space with integrated overhead crane systems. Originally constructed in 2008, the facility has undergone continuous modernization and phased expansion over the past decade, including substantial renovations in 2015, a 2020 expansion, and a newly delivered 32,000 SF build-to-suit addition completed in 2026. The Property is 100% leased to Luxit Tennessee, LLC, a subsidiary of LUXIT Group, a global automotive lighting supplier and portfolio company of New Water Capital. The facility serves as a mission-critical production hub housing approximately $33 million of specialized injection molding presses, tooling, and fixed manufacturing equipment — including ~$8 million of new specialized equipment and controlled environment build-out currently underway in connection with a recently secured Tier 1 automotive supplier contract. In 2026, at the Tenant's request, Landlord completed a 32,000 SF build-to-suit expansion at a total cost of $3.57 million. The lease has been restructured to a 15-year term commencing August 1, 2026 and expiring July 31, 2041, with new base rent of $1,032,712 annually. The lease features annual CPI-based rent escalations (subject to a 2% floor, 3% cap through 2028, and 4% cap thereafter), along with two 5-year renewal options.