Listed by Charles Hawkins Co.
$2,898,240
FleetPride Industrial Investment Portfolio
Details
Property Type Industrial
Sub Type Flex
Square Footage 38,868
Cap Rate 6.25%
NOI $181,140
Occupancy 100%
Tenancy Single
Lease Expiration 05/31/2033
Rent Bumps Yes
Buildings 2
Acreage 2.750
Zoning CMU-3- Commercial Mixed Use-3
Investment Type Stabilized
Industrial | 6.25% CAP | 38,868 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 38,868 total square feet across 2.75 acres. The portfolio consists of a 17,688 SF industrial building on 1.72 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.
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
Listing Contacts
Listed by Charles Hawkins Co.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,140.00
$15,095.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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