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Net Lease

Adaptec Solutions

5174 American Way, Memphis, TN 38115

Listing Price: $2,137,157

Cap Rate
5.75%
Lot Size
1.32 acres
Year Built
1982
Rentable SF
22,419

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Adaptec Solutions located at 5174 American Way in Memphis, Tennessee. The site consists of roughly 22,419 rentable square feet of building space on estimated 1.32-acre parcel of land. This Adaptec Solutions is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $122,887 and is scheduled to increase by one and a half percent (1.50%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Brand New 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Adaptec Solutions

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Net Lease

Adaptec Solutions

Listing Price: $2,137,157

Cap Rate
5.75%
Lot Size
1.32 acres
Year Built
1982
Rentable SF
22,419

Investment Highlights

  • Brand New 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Adaptec Solutions

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Adaptec Solutions located at 5174 American Way in Memphis, Tennessee. The site consists of roughly 22,419 rentable square feet of building space on estimated 1.32-acre parcel of land. This Adaptec Solutions is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $122,887 and is scheduled to increase by one and a half percent (1.50%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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