Eastern Star Warehouse Investment Opportunity
|Catylist Listing ID:
Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||Cash to Seller
Overview / Comments
Excellent Tri-Cities Investment Opportunity! Ideally located 26,000 sq ft industrial facility with 8,500 sq ft of paved parking on 2.76 acres occupied by a solid single lease tenant. SPI, LLC, Charlotte, NC has occupied the property under lease since February 1, 2020 running thru January 31, 2025 with a 2.0% annual rent increase and one 3-year renewal option.
The 26,000 sq ft facility is comprised of 23,000 sq ft warehouse area with 16' clear ceiling height with 4 dock doors and one drive in door. The approximately 3,000 sq ft office area has 4 offices, 2 restrooms, and a break room on the main level with additional 4 offices and a full kitchen and dining area on the mezzanine level plus additional storage areas. Zoned M 1R Commercial, the property has public electric and water and private sewer.
This property is strategically located in the heart of the Tri-Cities with immediate I-26 access via Exit 10 Eastern Star Road and within 2 miles of I-81 and I-26 interchange. Situated in an established commercial and industrial area near other businesses including Averitt Transportation, DHS Express and regionally recognized Phil's Dream Pit BBQ. Contact agent for further details including financials.
Attachments & Media
© Copyright 2001-2022 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.