3496 Hacks Cross Rd Memphis, TN 38125

The property is a 113,470-square-foot life science laboratory and headquarters. Completed in 2013, the two-story, state-of-the-art building serves as a Digital Pathology Center of Excellence. It is 100% absolute net leased with 12.8 years of remaining term and 2.0% annual rent escalations. The lease features a perpetual guarantee from a Baa1-rated parent company. The facility is strategically located in Memphis, Tennessee, one of the top logistics metro areas in the world, which can reach 75% of the United States' population within a 24-hour drive and more than 90% of the world’s GDP within 72 hours. The property is minutes from Memphis International Airport, the busiest cargo handling airport in the United States, and is centrally located in the premier and affluent East Memphis submarket, widely considered one of the most desirable submarkets within the Memphis Metropolitan Statistical Area.