FleetPride Industrial Investment Portfolio
Industrial | 6.25% CAP | 33,788 SqFt
Marketing description
The Charles Hawkins Co. is pleased to exclusively offer for sale the FleetPride Industrial Portfolio, a 100% leased, two-building industrial offering totaling 33,788 total square feet across 1.5 acres.
The portfolio consists of a 12,608 SF industrial building on 0.47 acres in Chattanooga, Tennessee, and a 21,180 SF industrial building on 1.03 acres in Memphis ,Tennessee. Both assets are strategically positioned in two of Tennessee’s largest economic markets. This portfolio is ideally suited for investors seeking stabilized, income-producing industrial assets with potential for near- term market rent upside in two high-performing industrial markets with strong connectivity to major cities across the United States.
The Charles Hawkins Co. is pleased to exclusively offer for sale the FleetPride Industrial Portfolio, a 100% leased, two-building industrial offering totaling 33,788 total square feet across 1.5 acres. The portfolio consists of a 12,608 SF industrial building on 0.47 acres in Chattanooga, Tennessee, and a 21,180 SF industrial building on 1.03 acres in Memphis,Tennessee. Both assets are strategically positioned in two of Tennessee’s largest economic markets. This portfolio is ideally suited for investors seeking stabilized, income-producing industrial assets with potential for nearterm market rent upside in two high-performing industrial markets with strong connectivity to major cities across the United States.
Investment highlights
- Weighted Average Lease Term (WALT): 6.4 Years
- In-place rents WELL BELOW market
- 6.25% Cap rate based on a combined NOI between the two buildings of $181,140 (rent starting on June 1, 2026).
- Sale Price: $2,898,240
- Well below replacement cost
- 1% Annual rental escalations
- Memphis lease expires May 31, 2033
- Chattanooga lease expires May 31, 2031
- 12,608 SF building on 0.47 acres
- Zoned: CMU-3- Commercial Mixed Use-3
- NOI as of June 1, 2026: $83,040
- 6.25% cap rate, or $1,328,640
- 21,180 SF building on 1.03 acres
- NOI as of June 1, 2026: $98,100.25
- 6.25% cap rate, or $1,569,600
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