15440 Highland Dr, McKenzie, TN 38201

For Sale

Land Size

10 Acres

Total Building Square Footage

196,114 SF

No of Buildings

1 Building

Stabilized NOI

$126,168

Availability

Available Now

Ability to subdivide to accommodate smaller footprints.

Property Overview

Property Usage: Automotive Assembly, Industrial, Warehouse, Flex Showroom

Zoning: M-1 Industrial

No. of Buildings: 1 Single Industrial Facility

Total Land Size: 10 Acres

Total Building Size: 196,114 SF

Lease Type: 10-Year NNN

Annual NOI: $1,664,600

Stabilized Cap Rate: 8.3%

Tenant: GazMin Motors (Corporate Guaranteed)

A fully renovated 196,114 SF industrial assembly and warehouse facility situated on 10 acres in McKenzie, Tennessee—positioned within a rapidly expanding EV and manufacturing corridor. The property is 100% leased to GazMin Motors, the U.S. expansion platform of a global automotive and powersports conglomerate, secured by a corporate guarantee, 2% annual rent increases, and long-term stability through a fresh 10-year NNN lease.

A $3 million renovation is currently underway, including new roofs, upgraded façade, modernized interiors, and enhanced mechanical and safety systems, delivering a turnkey industrial asset with immediate cash flow and long-term upside.

This offering provides investors with cash-positive income from day one, strong credit tenancy, and exposure to a region experiencing significant industrial growth driven by multi-billion-dollar EV and advanced manufacturing investment.

Highlights

Stabilized, Cash-Flowing Asset: 100% leased to GazMin Motors on a newly executed 10-year NNN lease with corporate guarantee and 2% annual increases.
Significant Renovation Value: $3M in improvements including new roofs, upgraded skin, renovated interiors, new showroom, dry suppression system, modern façade, new lighting, and enhanced exterior showcase areas.
High-Cap-Rate Opportunity: An 8.3% going-in cap rate, offering a 200–250 bps premium over typical industrial market averages.
Strong Tenant Profile: GazMin Motors is backed by GazMin International, a diversified international group with revenue streams spanning energy, minerals, and aviation.
Specialized Industrial Configuration: 35 dock-high doors, 10 drive-in bays, wet sprinkler system, large paved yard, 22' clear height sections, and assembly-ready layouts.
Long-Term Exit Optionality: Lease rollover aligns with regional EV manufacturing maturation, with potential for re-tenanting at higher rents or owner-user disposition.