Beacon Roofing Supply
47,070 SF | Industrial Building | Memphis, TN 38111 | $5,600,000 ($119/SF) | 6.42% Cap Rate
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $5,600,000
- Property Type
-
Industrial
- Price / Square Foot
- $119
Listing Contacts
Kaveh Ebrahimi
Verified Profile
Paul Bouchez
Verified Profile
- Property Info
Property Overview
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
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 Details
- Class
- C
- Year Built/Renovated
- 1973/2021
- Stories
- 1
- Property Subtype
- Distribution, Warehouse
- Lot Size (sq. ft)
- 277,477 SF
Highlights
- PROXIMITY - Situated 6 Miles From the Memphis International Airport and 13 Miles From Downtown Memphis
- NEWLY RENOVATED AND NEW ROOF - Renovations Completed in 2021 show long-term commitment to location
- HEDGE AGAINST INFLATION - Secure Investment with 1.5% Annual Increases with Two Seven-Year Option Periods
- DENSE POPULATION - Dense 5-Mile population of 206,553 with an average household income of $70,312
- MISSION CRITICAL - Only Beacon Roofing Supply within a 85+ Mile Radius, acting as a competitive advantage for this location
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