Single-Tenant Manufacturing
For Sale
Contact for pricing
280 E Mallory Ave, Memphis, TN 38109
NNN lease includes renewal options and assigns taxes, insurance, and operating expenses to the tenant.
Property Size28,000 SF
Price / SF$38.10
Days on Market20
Property Features for 280 E Mallory Ave
General Information
Standard status
Active
Size
28,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$96,000
Building Details
Year Built
1940
Buildings
2
Tenancy
Single
Listing Agency:
Northmarq - LA
Listed By:
Greg Paparis · License #02024518
Source:
Crexi
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 29 at 8:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - LA
Investment Insights
Based on property information with market context.
This manufacturing property comprises two parcels totaling 28,000 SF on 1.42 acres at 280 E Mallory Ave in Memphis. Built in 1940, the facility is occupied by Lamb’s Machine Works, a precision machining and industrial manufacturing company founded in 1976. The asset is operated under a NNN lease, with the tenant covering real estate taxes, insurance, and operating expenses. Landlord obligations are limited to foundation and structural repairs and roof replacement.
The lease runs through December 31, 2026, and includes four additional 2-year renewal options with 3% increases at each option. Written notice has been provided indicating the tenant’s intention to exercise the first renewal. The property carries a 9.0% cap rate and is positioned within an established Memphis industrial corridor with access to the region’s transportation network.
The lease runs through December 31, 2026, and includes four additional 2-year renewal options with 3% increases at each option. Written notice has been provided indicating the tenant’s intention to exercise the first renewal. The property carries a 9.0% cap rate and is positioned within an established Memphis industrial corridor with access to the region’s transportation network.
Key Highlights
- 28,000 SF manufacturing property on 1.42 acres
- Two parcels at 280 E Mallory Ave, Memphis, TN 38109
- Built in 1940 and occupied by Lamb’s Machine Works
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 38109, TN
42,437
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
59.7 sq mi
ZIP Area
711
Density / Sq Mi
$36,934
Median Household Income
$30,780
Median Earnings
$1,000
Median Rent
$76,600
Median Home Value
Market
Vacancy Rate% for Industrial in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Manufacturing property - NNN lease includes renewal options and assigns taxes, insurance, and operating expenses to the tenant.
Where is this manufacturing property located?
The property is located at 280 E Mallory Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,066,667.
What are key features of this property?
This property features: 28,000 SF manufacturing property on 1.42 acres; Two parcels at 280 E Mallory Ave, Memphis, TN 38109; Built in 1940 and occupied by Lamb’s Machine Works
