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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 Under Contract
Amenities
- Fenced Lot
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
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
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147 Seaboard Ln
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