440 Church Rd
Madison, MS 39110

The Chetek Group of Marcus & Millichap, as exclusive advisor, is pleased to present an exceptional opportunity to acquire a 100% fee-simple interest in the Tower Automotive Facility (“the Property”), a 280,045 square-foot single tenant logistics and manufacturing facility net leased to Tower International (NYSE:TOWR), a leading global Tier-1 automotive supplier to many of the world’s most renown automotive manufactures. The Property is in Madison, Mississippi, 3.5-miles from the 4.7-million square-foot Nissan Canton Vehicle Assembly Plant and plays a Mission Critical role to the success of Nissan Canton. The Tower Automotive Facility manufactures the frames of each vehicle of the 450,000 that Nissan Canton produces annually. The Property was constructed in 2003. In 2012, at NISSAN’S full expense, the property was expanded by an additional 70,000 square feet which Tower pays only 11-cents ($0.11) per square-foot. Currently, Tower Automotive is paying $4.87 per square-foot on the original 210,045 square feet. Both the original leased space and expansion space are coterminous and expire in 12/31/2020 with FMV options to renew which brings tremendous upside potential in bringing the 70,000 sf expansion space to market rents. The Property is situated on 43.55-acres which includes 8-acres of undeveloped land offering further upside as Tower International and Nissan Canton continue to grow together. Tower International’s products are manufactured at 23 production facilities strategically located near their customers in North America and Europe. They support those manufacturing operations through six engineering and sales locations throughout the world. Tower International has 8,000 world-wide employees and exceeded $2B in 2016 revenues.