1731 Mineral Wells Ave - Distribution FOR SALE


Paris, TN 38242
$8,250,000 USD
616-293-6924
1731 Mineral Wells Ave, Paris, TN for Sale
$8,250,000 USD
Distribution - FOR SALE
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1731 Mineral Wells Ave
Paris, TN 38242


HIGHLIGHTS

  • Investment offering includes 124,000 square feet of industrial space situated on a 39.75-acre parcel in Paris, Tennessee.
  • Fully leased to Setco Automotive through a new 15-year absolute NNN lease upon closing, ensuring predictable long-term income.
  • Attractive 8.25% cap rate with zero landlord responsibilities, ideal for passive investors.
  • Building features include five dock-high doors and four drive-in doors for streamlined logistics and operations.
  • Expansive site provides potential for additional development or operational flexibility over time.
  • Strategic location supports manufacturing and distribution with accessible transportation routes in the region.

OVERVIEW

Presenting a rare investment opportunity to acquire a fully leased, single-tenant industrial facility in Paris, Tennessee. The property spans approximately 124,000 square feet on 39.75 acres and is offered as a sale-leaseback with Setco Automotive, a global manufacturer of automotive clutch systems. Upon closing, Setco Automotive will enter into a 15-year absolute NNN lease, providing investors with predictable cash flow and zero landlord responsibilities. The facility includes five dock-high doors, four drive-in doors, and expansive warehouse space suitable for manufacturing and distribution. Situated in an accessible location, the site offers operational scalability, ample land for potential future expansion, and full-service utility support. With an attractive cap rate of 8.25%, long-term lease security, and strong corporate tenancy, this property represents a compelling opportunity for investors seeking stable income and industrial market exposure.

FOR SALE DETAILS

PRICE

$8,250,000 USD

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Setco Automotive

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

4

PARKING SPACES

80

LAND DETAILS

LAND ACRES

39.75

LAND SF

1,731,510

ZONING

Industrial

APN/PARCEL ID

116-020.00

ASK ABOUT THIS PROPERTY

Tim KwekelKwekel CompaniesMore Info
616-293-6924

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Tim KwekelKwekel CompaniesMore Info
616-293-6924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.