Industrial Properties
673 East Brooks Road Memphis, TN 38116
Details & Description
Price: $2,640,000
    11.5 Years of Lease Term Remaining | Commenced April 2018Corporate Guaranty with Herc Rentals | NYSE: HRI6.35% Rental Increases Each Five-Year Period | Next Increase in 2023Tenant Commitment to Capital Improvements of $500,000+New Roof Coating Installed 2015 | 15-Year Versico Membrane WarrantyBranch Serves as Equipment/Tool Rental & ProSolutions LocationStrategically Located with Quick Access to I-55, I-69, and I-240Relocation Store | Longstanding Market Operating HistoryDirect Frontage on E. Brooks Rd | 11,000+ AADTTennessee is an Income Tax Free StateStrong Demographics | 150,800+ Within a Five Mile Radius
    Property Highlights
     6.35 Rental Increases Each Five-Year Period Next Increase in 2023
     Strategically Located with Quick Access to I-55, I-69, and I-240
    Listing Agents
    Scott Gould

    O: 407-557-3824
    scott.gould@marcusmillichap.com
    Christopher Biuso

    O: 407-557-3841
    christopher.biuso@marcusmillichap.com
    Rory Shelby
    Marcus and Millichap
    O: 407-557-3861
    rory.shelby@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    673 East Brooks Road

    Memphis, TN 38116

    Listing ID: 275720
    • 673 East Brooks Road Memphis, TN 38116 | for Sale | Photo 1
    • 673 East Brooks Road Memphis, TN 38116 | for Sale | Photo 2
    673 East Brooks Road | for Sale | Thumbnail 1
    673 East Brooks Road | for Sale | Thumbnail 2
    Building Size: 20,048 SF
    Lot Size: 4.290 AC
    Land Size: 186,872 SF
    Building $/SF: $131.68
    Land $/SF: $14.13
    Price
    $2,640,000
    Property Highlights
    Corporate Guaranty with Herc Rentals NYSE HRI
    6.35 Rental Increases Each Five-Year Period Next Increase in 2023
    Strategically Located with Quick Access to I-55, I-69, and I-240
    Description

    11.5 Years of Lease Term Remaining | Commenced April 2018

    Corporate Guaranty with Herc Rentals | NYSE: HRI

    6.35% Rental Increases Each Five-Year Period | Next Increase in 2023

    Tenant Commitment to Capital Improvements of $500,000+

    New Roof Coating Installed 2015 | 15-Year Versico Membrane Warranty

    Branch Serves as Equipment/Tool Rental & ProSolutions Location

    Strategically Located with Quick Access to I-55, I-69, and I-240

    Relocation Store | Longstanding Market Operating History

    Direct Frontage on E. Brooks Rd | 11,000+ AADT

    Tennessee is an Income Tax Free State

    Strong Demographics | 150,800+ Within a Five Mile Radius

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Memphis History of Industrial Properties for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Memphis Area Market Trends

    Listing Demographics for 673 East Brooks Road Memphis, TN 38116

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,98055,833143,498
    Population Median Age423938
    Population by Age0-9 Yrs216 (10%)7373 (13%)18706 (13%)
    10-19 Yrs207 (10%)7588 (13%)19294 (13%)
    20-29 Yrs342 (17%)7949 (14%)20915 (14%)
    30-39 Yrs167 (8%)6295 (11%)17207 (11%)
    40-49 Yrs190 (9%)6051 (10%)16045 (11%)
    50-59 Yrs267 (13%)6925 (12%)18360 (12%)
    60-69 Yrs314 (15%)7554 (13%)18791 (13%)
    70+ Yrs279 (14%)6098 (10%)14180 (9%)
    Median HH Income$45,461$31,811$32,120
    Total Household Income< 24K188 (28%)8577 (41%)22137 (40%)
    25-49K164 (24%)5838 (28%)14742 (27%)
    50-74K89 (13%)3234 (15%)8213 (15%)
    75-99K48 (7%)1362 (6%)4134 (7%)
    100-199K151 (22%)1400 (6%)4017 (7%)
    200K+28 (4%)219 (1%)937 (1%)
    Highest Education LevelNo Diploma192619915829
    Diploma or GED4021423534821
    Some College411945224039
    Assoc. Degree10020785549
    Bachelors Degree20635919668
    Higher Degree9416495292
    Total Housing Units82027,22868,769
    --Owner-Occupied51810,15926,515
    --Renter-Occupied15010,47227,665
    Owner-Occupied Values< 100K243804819482
    100-199K22017024870
    200-299K342501069
    300-399K1570552
    400-499K620277
    500K+068265
    Total Working Age Population1,66143,746113,085
    In Work Force92024,33063,807
    Not In Work Force74219,41649,278
    Workforce Employed81920,22054,414
    Workforce Unemployed1014,0959,351
    Civlian Workforce92024,31563,765
    Military Workforce01542
    Total Households66820,63154,181
    Family Households48412,09531,241
    Non-Family Households1848,53522,940
    Married Couple2904,58112,012
    Other Family1947,51519,229
    Married w/Child779482,837
    Single Male w/Child255861,662
    Single Female w/Child212,7506,905

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Arkansas2,673,400+92,915,918+53,072,430+63,271,344
    Crittenden County50,866050,902-249,762049,762
    Mississippi2,844,658+42,967,297+33,066,382+13,104,159
    DeSoto County107,199+50161,252+9175,321+5184,201
    Tennessee5,689,283+126,346,105+96,886,369+77,393,069
    Shelby County897,472+3927,644+1940,109+2956,754

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 673 East Brooks Road in Memphis?
    The asking price for 673 East Brooks Road is $2,640,000
    What is the building size of this Industrial property in Memphis, TN?
    The size of the building/unit at 673 East Brooks Road in Memphis is 20,048 square feet
    How much land does the Memphis, TN property at 673 East Brooks Road include?
    673 East Brooks Road in Memphis includes 4.290 acres of land
    What kind of Industrial is the propery at 673 East Brooks Road?
    The property at 673 East Brooks Road Memphis, TN 38116 is listed as a Other Industrial Industrial property
    What is the population within 1 mile of 673 East Brooks Road in Memphis?
    The population within 1 mile of 673 East Brooks Road Memphis, TN 38116 is 1,980 people.
    Who do I contact for questions about 673 East Brooks Road?
    You should contact the listing agent, Scott Gould, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    391 East Mallory Avenue, Memphis, TN $3,500,000 190000 12
    3113 Carrier Street, Memphis, TN $510,000 11850 -
    4600 Millbranch Road, Memphis, TN CALL 53000 4
    296 East Street, Memphis, TN $625,000 9800 -
    4545 South Mendenhall Road, Memphis, TN $3,700,000 52864 9.08
    364 Washington St, West Memphis, AR $190,000 4800 2.75
    1001 Rainer Road, West Memphis, AR CALL 145636 50
    1916 Vanderhorn Drive, Memphis, TN $585,000 14000 0.69
    6695 Fletcher Creek Cove, Memphis, TN $849,000 8100 -
    Infinity Park Way, Marion, AR CALL 600000 36.16

    Closest Commercial Airports

    Airport Distance (mi)
    Memphis International Airport (MEM) 4
    Bill & Hillary Clinton National Airport/Adams Field (LIT) 126
    Huntsville International Carl T Jones Field (HSV) 188