Unpriced
1241 Foster Ave
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 12,100
NOI $132,000
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2026
Rent Bumps Yes
Lease Options Two (2) 5-Year Options
Pro-Forma NOI $145,200
Year Built 1977
Acreage 1.340
Zoning IWD
Investment Type Stabilized
Ground Lease No
Dock High Doors 3
Industrial | 12,100 SqFt
Marketing description
This industrial asset is located in a prime industrial pocket just 10 minutes from downtown Nashville. The site is leased for the next 10 years and rents are 40% below market. This property is ideally suited for investors seeking stabilized industrial product with long-term upside.
Investment highlights
- Located in a prime industrial pocket just a 10-minute drive from downtown Nashville
- Offering functional improvements, efficient site coverage, and direct loading access
- Ideally suited for investors seeking stabilized industrial product with long-term upside
- 40% BELOW MARKET - $10.90 in place vs. $18.00 market
- Two (2) 5-Year Extension Options
- 10% Escalations at Each Extension
- Jan 1, 2027 NOI $145,200
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$132,000.00
$11,000.00/mo
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