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Ecolab - Memphis, TN 2390 Channel Ave 3,840 SF Industrial Building Memphis, TN 38106 $1,109,920 CAD ($289.04 CAD/SF) 8.50% Cap Rate
INVESTMENT 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.
- Asset boasts a healthy and replaceable rent for IOS properties at roughly $3,000 an AC a month.
- Lease provides 3% annual increases providing investors with a great hedge against inflation.
- Located in the Memphis Channel Avenue industrial trade area, the property is situated in a major industrial hub that serves as a critical center.
- Ecolab has executed several renewal options at this location, proving a long-term commitment to the location and area.
- The excess yard space at this location allows for significant industrial outdoor storage (IOS), which is one of the most sought-after asset classes.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 3,840 SF IOS facility fully leased to Ecolab Inc (NYSE: ECL). The 1.84 AC IOS yard is secured by a lease that includes a strong investment-grade guarantee from Ecolab Inc and 3% annual increases to help investors hedge against inflation. This is a great bite-sized deal for investors looking for stable cash flow with a best-in-class tenant.
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
PROPERTY FACTS
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Eco Lab
- Services
- 3,840 SF
- -
- Triple Net
- Mar 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Eco Lab | Services | 3,840 SF | - | Triple Net | Mar 2029 |
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PROPERTY TAXES
| Parcel Number | 05-0115-0-0017C | Improvements Assessment | $84,145 CAD |
| Land Assessment | $57,725 CAD | Total Assessment | $141,870 CAD |
PROPERTY TAXES
Parcel Number
05-0115-0-0017C
Land Assessment
$57,725 CAD
Improvements Assessment
$84,145 CAD
Total Assessment
$141,870 CAD
CONTACTS
-
Hunter Kirby -
Stratton Greig -
Austin Marsh -
Thomas Gorman -
Sands Investment Group Austin, LLC
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Ecolab - Memphis, TN | 2390 Channel Ave
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