Log In/Sign Up
Your email has been sent.
Setco Automotive 1731 Mineral Wells Ave 124,000 SF Industrial Building Paris, TN 38242 $11,300,107 CAD ($91.13 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Investment offering includes 124,000 square feet of industrial space situated on a 39.75-acre parcel in Paris, Tennessee.
- Attractive 8.25% cap rate with zero landlord responsibilities, ideal for passive investors.
- Expansive site provides potential for additional development or operational flexibility over time.
- Fully leased to Setco Automotive through a new 15-year absolute NNN lease upon closing, ensuring predictable long-term income.
- Building features include five dock-high doors and four drive-in doors for streamlined logistics and operations.
- Strategic location supports manufacturing and distribution with accessible transportation routes in the region.
Executive Summary
Presenting a rare investment opportunity to acquire a fully leased, single-tenant industrial facility in Paris, Tennessee. The property spans approximately 124,000 square feet on 39.75 acres and is offered as a sale-leaseback with Setco Automotive, a global manufacturer of automotive clutch systems. Upon closing, Setco Automotive will enter into a 15-year absolute NNN lease, providing investors with predictable cash flow and zero landlord responsibilities.
The facility includes five dock-high doors, four drive-in doors, and expansive warehouse space suitable for manufacturing and distribution. Situated in an accessible location, the site offers operational scalability, ample land for potential future expansion, and full-service utility support. With an attractive cap rate of 8.25%, long-term lease security, and strong corporate tenancy, this property represents a compelling opportunity for investors seeking stable income and industrial market exposure.
The facility includes five dock-high doors, four drive-in doors, and expansive warehouse space suitable for manufacturing and distribution. Situated in an accessible location, the site offers operational scalability, ample land for potential future expansion, and full-service utility support. With an attractive cap rate of 8.25%, long-term lease security, and strong corporate tenancy, this property represents a compelling opportunity for investors seeking stable income and industrial market exposure.
Property Facts
| Price | $11,300,107 CAD | Lot Size | 39.75 AC |
| Price Per SF | $91.13 CAD | Rentable Building Area | 124,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.25% | Year Built | 1963 |
| Sale Condition | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 5 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | Industrial - Industrial Zoned District | ||
| Price | $11,300,107 CAD |
| Price Per SF | $91.13 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8.25% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 39.75 AC |
| Rentable Building Area | 124,000 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Tenancy | Single |
| Parking Ratio | 0.65/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | Industrial - Industrial Zoned District |
Amenities
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
- Breakroom
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 116-020.00 | Improvements Assessment | $1,208,717 CAD |
| Land Assessment | $226,464 CAD | Total Assessment | $1,435,181 CAD |
Property Taxes
Parcel Number
116-020.00
Land Assessment
$226,464 CAD
Improvements Assessment
$1,208,717 CAD
Total Assessment
$1,435,181 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Setco Automotive | 1731 Mineral Wells Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.