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Beacon Roofing Supply 1810 Getwell Rd

47,070 SF Industrial Building Memphis, TN 38111 $5,600,000 ($119/SF) 6.42% Cap Rate

Investment Highlights

  • PROXIMITY - Situated 6 Miles From the Memphis International Airport and 13 Miles From Downtown Memphis
  • HEDGE AGAINST INFLATION - Secure Investment with 1.5% Annual Increases with Two Seven-Year Option Periods
  • MISSION CRITICAL - Only Beacon Roofing Supply within a 85+ Mile Radius, acting as a competitive advantage for this location
  • NEWLY RENOVATED AND NEW ROOF - Renovations Completed in 2021 show long-term commitment to location
  • DENSE POPULATION - Dense 5-Mile population of 206,553 with an average household income of $70,312

Executive Summary

STRONG CREDIT TENANT - Ranked #449 on the Fortune 500, Beacon Roofing reported over $9 billion in revenue in 2023. Beacon has 500+ Locations and 8,000+ Employees across North America
STRONG GROWTH OUTLOOK - Beacon has reported year-over-year net sales growth for the last 12 quarters highlighting the resiliency of their business model and the necessity of their products
PROMISING EXPANSION TRAJECTORY - In 2023, Beacon acquired 21 branches and opened 28 greenfield locations in key markets enhancing customer reach and service

Property Facts

Price $5,600,000
Price Per SF $119
Sale Type Investment
Cap Rate 6.42%
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Distribution
  • Showroom
  • Industrial Warehouse
Building Class C
Lot Size 6.37 AC
Rentable Building Area 47,070 SF
No. Stories 1
Year Built/Renovated 1973/2021
Tenancy Single
Parking Ratio 2.12/1,000 SF
No. Drive In / Grade-Level Doors 8

Amenities

  • Bus Line
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 05-8097-0-0033
  • 05-8097-0-0032
  • 05-8097-0-0031
Land Assessment
$175,520
Improvements Assessment
$142,720
Total Assessment
$318,240

zoning

Zoning Code C-H (Commercial)
C-H (Commercial)
  • Listing ID: 31655799

  • Date on Market: 4/30/2024

  • Last Updated:

  • Address: 1810 Getwell Rd, Memphis, TN 38111

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