1701 Childress Rd Lewisburg, TN 37091-7152
- Manufacturing properties
- 157,270 SF
- 35.00 lot acres
Current Use by Public Records
- Marelli North America, INC / Recruiter
- MHPC lewisburg / Medical Clinic
- Marelli Recruiting Center / Manufacturer
- Capstone Fabrication PAKFAB / Manufacturer
Property Details for 1701 Childress Rd
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 35.00 lot acres
- Property size
- 157,270 SF
- Property type
- Manufacturing properties
- APN
- 059072 15600
- APU
- 5907215600
Description
This exceptional investment opportunity presents a 200,000-square-foot manufacturing facility situated on 40.81 acres in the Lewisburg Industrial Park, Tennessee. Currently under a net lease with a single tenant, the property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $888,000. The lease, commencing March 1, 2024, and expiring February 28, 2029, offers a remaining term of approximately 4.3 years, providing immediate cash flow. The asking price is $13,156,000, translating to a price per square foot of $65.78. Annual rent bumps of $0.24 per square foot offer inflation protection. The property enjoys a prime location with excellent access to I-431 (15,986 AADT), placing it within easy reach of major markets throughout the Southeast. The surrounding area features a robust workforce exceeding 450,000 within a 30-minute commute, and a strong local economy with an average household income within 15 miles of $87,785 and an average home value of $354,194. The property's strategic location within the industrial park provides proximity to numerous large employers, including Teledyne Advanced Electronic Solutions, Marelli, and others. A one-time lease option for an additional two years is included. This is a rare opportunity to acquire a stable, high-performing industrial asset with significant long-term potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,370,000
- 6.5%
- $8,520,000
- 7%
- $7,930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,770,000
- Geo Method
- $9,695,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,435,000
- Retail
- $7,840,000
- Mixed-Use
- $8,200,000
- Hospitality
- $9,250,000
- Educational
- $8,570,000
- Residential Income
- $8,805,000
- Energy
- $8,020,000
- Income-Based Land
- $8,360,000
- Food Service
- $9,465,000
Location Insight
- Map
- Local Demand
- City
- Lewisburg
- County
- Marshall
- State
- Tennessee
- Longitude
- -86.7508
- Latitude
- 35.4298
- CBSA code
- 30280
- CBSA name
- LEWISBURG, TN MICROPOLITAN STATISTICAL AREA
