Industrial Space For Lease @ 3401 Henson Rd

NAI Koella | RM Moore has been exclusively retained to market for sale the property located at 3401 Henson Road, a service facility leased to BellSouth Telecommunications. The property is centrally located in the desirable Middlebrook Pike industrial corridor in Knoxville, TN. The site contains 2.656 acres of land zoned I-G (General Industrial Zoning District). The property has 13,613 square feet of improvements consisting of an 8,336 square foot building that is mostly office, a 5,277 square foot service facility, and 13,880 square feet of sheds.

With year over year rent growth of 12.3%, industrial vacancy rate of 1.2%, no renewal options, the tenant's long commitment to this site, and a below market rental rate, an investor has a strong likelihood to significantly increase its rate of return. The short-term remaining on the lease also allows a user the opportunity to acquire a property it could use in the future and have the rental income subsidize the purchase price. This space offers accomodations for: flex space.