Log In/Sign Up
Your email has been sent.
147 Seaboard Ln 68,000 SF Industrial Building Franklin, TN 37067 For Sale
Investment Highlights
- Long-term sale-leaseback in an excellent location with limited supply of comparable properties
- 15-year NNN lease (with options) and no landlord responsibilities
- Tenant has owned and occupied building for over 30 years
- $812,500 annual base rent ($12.50 / SF)
- Key manufacturing location for tenant also headquartered in Franklin
Executive Summary
Offer Deadline: March 26 by 5:00 p.m. (ET)
On-Site Inspections: February 18, February 24, March 4 & March 12, 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.
On-Site Inspections: February 18, February 24, March 4 & March 12, 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.
Property Facts
Amenities
- Fenced Lot
1 1
Property Taxes
| Parcel Number | 053K-C-004.00 | Improvements Assessment | $1,875,440 |
| Land Assessment | $3,515,760 | Total Assessment | $5,391,200 |
Property Taxes
Parcel Number
053K-C-004.00
Land Assessment
$3,515,760
Improvements Assessment
$1,875,440
Total Assessment
$5,391,200
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
147 Seaboard Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.