Ecolab Inc. – Memphis, TN

Ecolab
2390 Channel Ave, Memphis, TN 38106, USA

Sands Investment Group is pleased to exclusively offer for sale the 3,840 SF IOS facility fully leased to Ecolab Inc (NYSE: ECL). The 1.84 AC IOS yard is secured by a lease that includes a strong investment-grade guarantee from Ecolab Inc and 3% annual increases to help investors hedge against inflation. This is a great bite-sized deal for investors looking for stable cash flow with a best-in-class tenant.

  • Investment Grade Credit: Lease is secured by a strong guarantee from Ecolab Inc. (NYSE: ECL), which is a global leader in water, hygiene, and infection-prevention solutions, providing science-based programs and services to customers in more than 170 countries. Ecolab holds a strong investment-grade credit rating of A3 with Moody’s and an A- rating with S&P Global.
  • Strong Industrial Trade Area: Located in the Memphis Channel Avenue industrial trade area, the property is situated in a major industrial hub that serves as a critical center for logistics and manufacturing due to its strategic position with access to river, rail, and truck transportation networks.
  • Healthy Rent: Asset boasts a healthy and replaceable rent for IOS properties at roughly $3,000 an AC a month.
  • Long-Term Tenant: Ecolab has executed several renewal options at this location, proving a long-term commitment to the location and area.
  • Strong Increases: Lease provides 3% annual increases providing investors with a great hedge against inflation.
  • Desirable IOS Asset Class: The excess yard space at this location allows for significant industrial outdoor storage (IOS), which is one of the most sought-after asset classes in today’s market.

 

In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394

Ecolab
2390 Channel Ave, Memphis, TN 38106, USA

Ecolab

A trusted partner for millions of customers, Ecolab (NYSE: ECL) is a global sustainability leader offering water, hygiene, and infection prevention solutions and services that protect people and the resources vital to life. Building on more than a century of innovation, Ecolab has annual sales of $16 billion, employs approximately 48,000 associates, and operates in more than 170 countries around the world. The company delivers comprehensive science-based solutions, data-driven insights, and world-class service to advance food safety, maintain clean and safe environments, and optimize water and energy use. Ecolab’s innovative solutions improve operational efficiencies and sustainability for customers in the food, healthcare, high-tech, life sciences, hospitality and industrial markets.

Price

$800,000

Cap Rate

8.50%

PREMISES

3,840 SF

RENEWAL OPTIONS

None

Lease Expiration

03/01/2029

Lease Type

NN

RENTAL INCREASES

3% Annually

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