Industrial Outdoor Storage | Memphis, TN
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,400 SF Industrial Outdoor Storage Absolute NNN Located at 1684 Florida Street in Memphis, TN. This Deal Includes a Value-Add Opportunity With an Absolute NNN Lease Having Zero Landlord Responsibilities and Attractive Rent Increases, Providing For a Secured Investment.
- Value-Add Opportunity: This Property Consists of Over 22 Acres of IOS Space Within the Memphis, TN Market; The Current Tenant Occupies Only 9 Acres, Leaving Massive Upside on the Remaining 13 Acres For an Investor
- Desirable IOS Asset Class – The Excess Yard Space at This Location Allows For Significant Industrial Outdoor Storage (IOS), Which is One of the Most Sought-After Asset Classes in Today’s Market
- Long Term Commitment – USA Storage Yards Chose This Location Over Others in the Market and Signed a 10-Year Lease With Multiple 5 Year Renewal Options
- Property is Located in the Memphis MSA With Great Access to Major Highways 55, 61 and 69
- 473,712 Residents Live Within a 10-Mile Radius Making an Average Household Income of $64,735
In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman Lic. TN #370394
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