Fully leased aviation infrastructure investment at Lebanon Municipal Airport (M54), serving the Nashville metropolitan region. The ±25,250 SF corporate-scale hangar is leased to a Large Institutional Medical Center under a 10-year true NNN structure with 3% annual contractual escalations.
Tenant is responsible for taxes, insurance, maintenance, utilities, and ground lease expenses, providing stable and predictable income. The ground lease rate is approximately $0.36/SF with ~43 years remaining, materially below comparable regional airport ground lease economics.
Corporate hangar product of this scale in the Nashville MSA remains extremely limited, with new construction replacement costs exceeding $220/SF for shell structures alone. This offering represents a rare opportunity to acquire stabilized aviation real estate backed by institutional medical credit in a supply-constrained market.
Confidential offering. Detailed financials and lease documentation available upon request.