109 Kirby Drive

Property Overview

Foundry Commercial has been retained as the Exclusive Agent in the sale of 109 Kirby Drive, Portland, TN (“the Property”), a single-tenant industrial warehouse facility in the Nashville MSA.

HIGHLY FUNCTIONAL ASSET

• 219,767 SF industrial building on 19.63 AC, flexible building that could serve a multitude of users
• Potential for expanded parking and trailer storage
• 17 dock doors, 30’ clear, 180’ truck court

PUBLIC COMPANY CREDIT TENANT

• Solely occupied by Shoals Technologies Group, a high growth solar energy manufacturing company with a current market cap of $2.6B
• Tenant is deeply entrenched in Portland, TN, as evidenced by its global headquarters and ownership of multiple industrial properties in the area

NET LEASE SIGNED

• Lease expires 5/31/2027
• Lease rate is 23% below market rent, tenant has one 5-year option at fair market value
• Lease terms were agreed upon in October 2021

This offering is a rare opportunity for investors looking for a stable, single tenant net lease with below-market rents and tremendous upside potential in one of the hottest industrial markets in the country.

For further information about the property or to arrange a tour, please contact Melissa Alexander at (615) 771-9465 or Rick Helton at (615) 400-4092.