15440 Highland Dr Mc Kenzie, TN 38201-2506

This exceptional investment opportunity presents a fully occupied, 196,114-square-foot industrial flex/warehouse facility in McKenzie, Tennessee. Currently leased to GazMin Motors under a corporate-guaranteed, 10-year net lease (expiring July 22, 2034) with 2% annual rent increases and two 5-year renewal options, this property boasts a strong 9.27% cap rate and a substantial net operating income (NOI) of $1,668,000. The asking price is $18,000,000, translating to a price per square foot of $91.78. GazMin Motors, a new tenant, utilizes the space for warehousing, assembly, and showroom operations, representing their first US location with expansion plans in other states. The property underwent extensive renovations in 2024, exceeding $3 million in improvements, including a new roof and interior upgrades. Situated on a 10-acre lot, this facility offers ample space and is strategically located on Highway 76, a main thoroughfare with rail access. The property's size, location, strong tenant, and lease terms make it an attractive investment prospect with significant long-term potential. The building was originally constructed in 1945.