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Credit Rated Absolute Net Leased Industrial
Linde North America
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Investment Highlights
- Passive investment structure: Tenant responsible for roof, structure, HVAC, etc.
- Parent Company The Linde Group with A2 Moody's and A+ S&P Ratings
- Strategic location: Close proximity to Interstate 240
- Recent lease extension through 2020 with annual rent increases
- Tenant has occupied building since 2004
- Newly renovated office and roof
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Asking Price: $500,000 (9.14% cap rate)
Colliers International | Memphis is pleased to present the opportunity to acquire a single tenant net leased industrial offering. Located at 1715 Cherokee Boulevard in Memphis, Tennessee, the offering consists of a 10,044 square foot industrial facility 100% leased to Linde North America CThe Linde Group). Linde is a world-leading manufacturer and provider of industrial, specialty and medical gases. The group has occupied this facility since 2004 and recently exercised a five year lease extension through August 2020. Linde benefits from the building's position along Interstate 240, providing easy access to Interstate 40 and Interstate 55.
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