- For Sale $9,500,000
- Property Type Industrial - Manufacturing
- Property Size 108,854 SF
- Lot Size 10.22 Acre
- Property Tenancy Single Tenant
- Year Built 1997
- Year Renovated 2000
- Date Updated Oct 7, 2026
- HVAC None
Description
Positioned in Morristown, the location offers investors access to one of East Tennessee’s established industrial communities. Morristown is known for its manufacturing presence and business-friendly environment, with a regional setting that supports industrial and logistics activity across the area.
The surrounding community also provides everyday convenience for employees and visitors, with access to local shopping, dining, and services throughout Morristown. Its East Tennessee location places the property within a broader network of commercial activity, making the area appealing for long-term industrial ownership and investment consideration.Alpha Real Estate Advisors presents Original Footwear’s U.S. distribution headquarters in Morristown, TN, a ±108,854 SF industrial facility on ±10.22 acres.
Offered at $9.5 million at an 8.02% cap rate, this investment features a new 10-year absolute NNN lease, a corporate guarantee, and 10% rent increases every five years, with effectively zero landlord responsibilities.
The mission-critical facility features 20' clear heights, 10 dock-high doors, and abundant parking in Morristown’s established industrial corridor.
Highlights
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM), translating to truly passive income for investors with effectively zero landlord responsibilities.
- Attractive Corporate Financials - In 2026, Original Footwear is projecting roughly $57 million in revenue and $5.7 million in EBITDA. The company is steadily expanding domestic and international revenue channels, and benefits from substantial non-discretionary demand.
- Hedged Credit Risk - Corporate Guarantee - The lease is corporately guaranteed by Original Footwear Company Inc., tenant's parent company.
- Newly Executed Long-Term Lease - Tenant has committed to a brand new 10-year lease demonstrating strong commitment to the location.
- Quality Physical Plant - This 1997-built, ±108,854 SF facility on ±10.22 acres features 20' clear heights, 10 dock-high doors, abundant parking, and a headquarters-quality faade. The functional layout enables seamless logistics and distribution uses.
- US Distribution Headquarters - The Property serves as Original Footwear's mission-critical domestic distribution and storage facility.
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Contacts
Andrew McGuinness
Alpha Real Estate Advisors
Location
Contact Listing Broker
Andrew McGuinness
Alpha Real Estate Advisors
