Listing Agency: NAI Saig Company - Memphis

Listed By: Brian Califf · License ##299669 Show Phone

Source: Moodyscre

Added: Sep 12, 2024 Changed: Sep 2 Last Checked: Sep 4 at 1:29PM

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Investment Insights

Based on property information with market context.

The property at 4251 and 4257 Pidgeon Roost Road is a free-standing industrial building comprising 3,999 square feet on 0.62 acres. The property is 100% occupied and generates a net operating income (NOI) of $21,414, reflecting an 8% capitalization rate. The tenant has a 10-year history in the facility. The absolute NNN lease expires in April 2027 and includes no renewal options. The current rent is below market value.

Key Highlights

• 100% Occupied Free Standing Industrial Building
• Attractive 8% Cap Rate
• Absolute NNN Lease in place

Property Analytics

Property Profile

Current Use

SealMaster Building Supply

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Garden Center (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

480

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019

6.3% 2020

4.8% 2021

4.5% 2022

7.4% 2023

8.8% 2024

8.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial building for sale, 100% occupied with long-term tenant.

Where is this warehouse located?

The property is located at 4251 Pidgeon Roost Rd Memphis, TN.

What is the asking price?

The asking price for this property is $267,675.

What are key features of this property?

This property features: 100% Occupied Free Standing Industrial Building; Attractive 8% Cap Rate; Absolute NNN Lease in place