Sunbelt Rentals & Axis Machine Fabrication 194 Frank L Diggs Dr

38,000 SF 100% Leased Flex Building Clinton, TN 37716 $5,537,714 ($146/SF) 7% Cap Rate

INVESTMENT HIGHLIGHTS

  • Sunbelt Rentals is a Leader in the Equipment Rental Industry Who Continues to Expand Their Presence Throughout the Country
  • The Subject Property is Strategically Located Within the Clinton I-75 Industrial Park
  • Newly Renovated Building - the Subject Property Was Renovated in 2023 and Specifically Tailored to the Tenant's Needs
  • Axis Fabrication & Machine is a Regional Machining, Laser Cutting, Sheet Metal and Fabrication Services With Multiple Locations
  • High Growth Tax-Friendly State - Tennessee is an Income Tax Free State and is the 6th Fastest Growing State By Numeric Growth
  • Two-Tenant Industrial Net Lease Asset With Minimal Landlord Responsibilities, New Leases Executed With the Last Year

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Exclusively Offer For Sale the Sunbelt Rentals & Axis Machine Fabrication Located at 194 Frank L Diggs Drive in Clinton, TN. This Deal Includes a Two-Tenant Industrial Net Lease Asset With Minimal Landlord Responsibilities, New Leases Executed With the Last Year With Scheduled Rent Increases For Both Tenants, Providing For a Secure Investment.

In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394

PROPERTY FACTS

Price $5,537,714
Price Per SF $146
Sale Type Investment
Cap Rate 7%
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 4.32 AC
Rentable Building Area 38,000 SF
No. Stories 1
Year Built/Renovated 2002/2023

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Axis Fabrication
  • Manufacturing
  • 11,000 SF
  • $8.24
  • Double Net
  • Aug 2028
  • Sunbelt Rentals
  • Manufacturing
  • 27,000 SF
  • $11.00
  • Double Net
  • Aug 2033
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Axis Fabrication Manufacturing 11,000 SF $8.24 Double Net Aug 2028
Sunbelt Rentals Manufacturing 27,000 SF $11.00 Double Net Aug 2033

PROPERTY TAXES

  • Listing ID: 33529137

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 194 Frank L Diggs Dr, Clinton, TN 37716