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
Kaveh Ebrahimi
Verified Profile
Paul Bouchez
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

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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