MISSION CRITICAL
Adjacent to Ascend’s 350,000 SF bulk warehouse, the subject facility services their entire tractor-trailer fleet. All of Ascend’s operations staff is also located in this building.
NEW FIVE-YEAR NET LEASE (SALE LEASEBACK)
The tenant will execute a new five-year lease with annual escalations upon close of escrow.
AT-MARKET RENTS; TIGHT MARKET
Rent for the facility is at or below market and area vacancy is 2.8%
STRATEGIC LOGISTICS POINT
I-40 location midway between Nashville and Memphis has attracted
other national and super regional carriers.
THE WEST TENNESSEE REGION
The Jackson MSA has an economic base of +400,000 consumers and +15 manufacturing plants.
LIMITED LANDLORD RESPONSIBILITIES
Landlord’s responsibilities are limited to capital repairs of the Roof and Structure.
SECTOR-LEADING TENANT
Ascend Distribution is a super-regional carrier, and successor to Milan Trucking, with a 55-year track record serving Fortune 500 clients, with 750 semi-tractors and over 2,750 trailers.