Lamb's Machine Works Portfolio 2 Industrial Properties Offered at $1,469,440 CAD in Memphis, TN

Lamb's Machine Works, a single-tenant industrial investment property in Memphis, Tennessee, is being marketed for sale at an asking price of $1,066,667, reflecting a 9.00% cap rate. The asset is leased on a favorable NNN lease structure, providing investors with a passive income stream and limited landlord responsibilities. The property is occupied by an established manufacturing tenant with strong rent coverage, underscoring the stability of the cash flow. As a mission-critical facility for the tenant's operations, the property benefits from increased occupancy security and long-term functionality. Located within a strategic Memphis industrial corridor, the asset is positioned in an established submarket characterized by low vacancy and strong market rent growth. Additionally, below-market rental rates present an opportunity for future income growth and value appreciation. This offering combines durable industrial fundamentals, an attractive yield, and upside potential, making it a compelling investment opportunity for both private and institutional buyers.