Long-Term Net Leased Industrial

2170 Buoy Street, Memphis, TN
Deal Type:
Net Lease
Price:
$10,100,000
Cap Rate:
6.67%
Current Rent:
$673,382
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 9.3 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
161,402 SF
Rent Increases:
Lesser of 1.25x CPI or 2%
Site Size:
8.10 Acres
  • long term net lease stream capital partners
  • long term industrial net lease stream capital partners
  • long term industrial net lease stream capital partners
  • long term industrial net lease stream capital partners

Investment Highlights

  • Long remaining lease term and absolute NNN structure with annual rent increases
  • Prime industrial industrial location in the Southwest submarket of Memphis, with one of the lowest vacancy rates in the city
  • Mission-critical manufacturing facility accounting for nearly 95% of the Company‚Äôs profitability
  • Significant capital investment by tenant in equipment and machinery

Listing Agents

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | P: 949.924.6578 | A Licensed Tennessee Broker #264531

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