500 Aviation Way - Specialty FOR SALE


Lebanon, TN 37090- Downtown Lebanon
$7,500,000 USD
615-795-0000
500 Aviation Way, Lebanon, TN for Sale
$7,500,000 USD
Specialty - FOR SALE
1/6
null | 4.8% Cap Rate

500 Aviation Way
Lebanon, TN 37090
Downtown Lebanon


HIGHLIGHTS

  • 10-Year True NNN Lease with 3% Annual Escalations
  • Institutional Medical Credit Tenant
  • Long Remaining Ground Lease Term (~43 Years)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

081-004.01

ASK ABOUT THIS PROPERTY

Robby DavisStream Realty Partners, LPMore Info
615-795-0000

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Robby DavisStream Realty Partners, LPMore Info
615-795-0000

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