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2390 Channel Ave
Memphis, TN 38106

$800,000 USD

Manufacturing For Sale  •  3,840 SF

Property Details

  • Property Type Manufacturing
  • Total Building Size 3,840 SF
  • Lot Size 1.84 AC
  • Building Class C
  • Year Built 1971
  • Cap Rate 8.50 %
  • Tenancy Single
  • Zoning IH
0 Transit Score
2 Walk Score

Highlights

Lease is secured by a strong guarantee from Ecolab Inc. (NYSE: ECL), which is a global leader in water, hygiene, and infection-prevention solutions.
Located in the Memphis Channel Avenue industrial trade area, the property is situated in a major industrial hub that serves as a critical center.
Asset boasts a healthy and replaceable rent for IOS properties at roughly $3,000 an AC a month.
Ecolab has executed several renewal options at this location, proving a long-term commitment to the location and area.
Lease provides 3% annual increases providing investors with a great hedge against inflation.
The excess yard space at this location allows for significant industrial outdoor storage (IOS), which is one of the most sought-after asset classes.
Cap Rate: 8.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Eco Lab 3,840 SF 3/1/2029

Amenities

  • Fenced Lot

Public Transportation

Commuter RailDriveWalkDistance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley)) 17 min - 5.7 mi
AirportDriveWalkDistance
Memphis International 28 min - 12.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Hunter Kirby 512-856-7596 Sands Investment Group Austin, LLC
Hunter Kirby 512-856-7596 Sands Investment Group Austin, LLC