Net Lease
Adaptec Solutions
5174 American Way, Memphis, TN 38115
Listing Price: $2,137,157
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.
Listing Price: $2,137,157
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.
