554 National Dr
Maryville, TN 37804
SUBMIT ALL OFFERS · Industrial Property For Sale
Property Facts
About 554 NATIONAL DR , MARYVILLE, TN 37804
Stan Johnson Company is pleased to offer for sale this +/-110,000 SF single-tenant distribution center located in Maryville (Knoxville), TN. This property is leased to DHL Supply Chain (Exel Inc.), which has served as an exclusive distribution center for Dow Chemical's Knoxville facility since 2009. Prior to DHL and the Dow Chemical contract, the facility was operated by grocery distributors. DHL Supply Chain (Exel Inc.) is currently leasing the building for a below market rent of $3.05 PSF and has approximately 4 years remaining on the lease with no options to renew. This is a perfect situation for any investor to negotiate the rental rate with the tenant and unlock a significant amount of potential upside. As an example, an increase of just $0.30 PSF annually would result in the cap rate increasing to 8.41%. Based on the tenant extending the lease twice already, and the tenant's success and history with Dow Chemical, a renewal seems likely. In addition, the property features an approximately 8.3 acre lot, with 3.05 unimproved providing further future upside
Property Taxes
| Parcel Number | 018-086.06 | Improvements Assessment | $1,177,280 |
| Land Assessment | $60,760 | Total Assessment | $1,238,040 |
Property Taxes
