631-420-0044
147 Seaboard Ln, Franklin, TN for Sale
Warehouse - FOR SALE
1/21
null | Request Cap Rate

147 Seaboard Ln
Franklin, TN 37067


HIGHLIGHTS

  • Long-term sale-leaseback in an excellent location with limited supply of comparable properties
  • $812,500 annual base rent ($12.50 / SF)
  • 15-year NNN lease (with options) and no landlord responsibilities
  • Key manufacturing location for tenant also headquartered in Franklin
  • Tenant has owned and occupied building for over 30 years

OVERVIEW

Offer Deadline: March 26 by 5:00 p.m. (ET) On-Site Inspections: By Appointment Only Hilco Global is pleased to offer the opportunity to acquire a well-located, industrial saleleaseback in Franklin, Tennessee. The 65,000± SF, light manufacturing facility is owned and occupied by Resource Label Group (RLG), a leading North American provider of specialized packaging solutions, including pressuresensitive labels, shrink sleeves and RFID/ NFC smart packaging. Headquartered in Franklin, Tennessee, the company operates as a consolidated “house of brands,” providing the scale of a national corporation with the personalized service of a local boutique printer. RLG has operated from the property for 31 years, since its construction in 1995 and utilizes the facility as a showcase manufacturing operation for visiting customers. At closing, RLG will execute a 15-year triple-net lease with no landlord responsibilities, providing stable, long-term cash flow. The lease rate of $12.50 per square foot, triple net, generates $812,500 in annual net rent, which is competitive for the submarket. This offering presents an attractive opportunity to acquire a passive, income-generating investment in greater Nashville, one of the strongest markets in the Southeast. The immediate Franklin industrial market continues to exhibit strong demand combined with a tight supply.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

70

LAND DETAILS

LAND ACRES

10.28

LAND SF

447,797

ZONING

Light Industrial

APN/PARCEL ID

053K-C-004.00

ASK ABOUT THIS PROPERTY

Jamie CoteHilco GlobalMore Info
631-420-0044

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Jamie CoteHilco GlobalMore Info
631-420-0044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.