4251 Pidgeon Roost Rd Memphis, TN

Listing Agency NAI Saig Company - Memphis b***@saigcompany.com Show Phone

Listed by Brian Califf · License ##299669 Show Phone

Source Moodyscre

Added: Sep 12, 2024 Updated: Jul 6 at 10:41 am Checked: Jul 19 at 5:33 am

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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

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FAQs

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