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Prinova 4637 Port Royal Rd 330,484 SF Industrial Building Spring Hill, TN 37174 $53,000,000 ($160.37/SF) 6.40% Cap Rate



Investment Highlights
- 330,000 SF industrial facility in Spring Hill’s growing manufacturing corridor
- 3.5% annual rent increases for built-in cash flow growth.
- Strategically near GM Spring Hill complex with strong regional connectivity.
- 10-year lease with Prinova, a globally recognized tenant.
- 6.4% cap rate offering attractive yield.
- High-growth submarket with strong workforce and industrial demand.
Executive Summary
Fortis Net Lease is pleased to present a prime investment opportunity in the heart of Spring Hill, TN. This institutional-quality asset consists of a modern 330,000 square foot industrial facility positioned in one of Middle Tennessee’s strongest manufacturing and distribution corridors. The property is secured by a long-term 10-year lease with Prinova, a globally recognized ingredients and nutrition solutions company, providing investors with durable cash flow backed by an established corporate tenant.
The lease is structured with attractive 3.5% annual rent increases, delivering built-in income growth and strong inflation protection over the hold period. Offered at a 6.4% cap rate, this investment provides a compelling combination of yield and long-term stability. Located in Spring Hill—one of the fastest-growing industrial hubs south of Nashville—the property benefits from excellent access to I-65, a skilled workforce, and proximity to major manufacturing operations, including the General Motors complex.
This offering represents a rare opportunity to acquire a large-scale, mission-critical industrial facility leased to a high-quality tenant in a thriving regional market.
The lease is structured with attractive 3.5% annual rent increases, delivering built-in income growth and strong inflation protection over the hold period. Offered at a 6.4% cap rate, this investment provides a compelling combination of yield and long-term stability. Located in Spring Hill—one of the fastest-growing industrial hubs south of Nashville—the property benefits from excellent access to I-65, a skilled workforce, and proximity to major manufacturing operations, including the General Motors complex.
This offering represents a rare opportunity to acquire a large-scale, mission-critical industrial facility leased to a high-quality tenant in a thriving regional market.
Property Facts
| Price | $53,000,000 | Rentable Building Area | 330,484 SF |
| Price Per SF | $160.37 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2001 |
| Cap Rate | 6.40% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 38’8” |
| Building Class | B | No. Dock-High Doors/Loading | 46 |
| Lot Size | 91.20 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Industrial | ||
| Price | $53,000,000 |
| Price Per SF | $160.37 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 91.20 AC |
| Rentable Building Area | 330,484 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 0.63/1,000 SF |
| Clear Ceiling Height | 38’8” |
| No. Dock-High Doors/Loading | 46 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Industrial |
Amenities
- Fenced Lot
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
Property Taxes
| Parcel Number | 028-010.03 | Improvements Assessment | $5,553,880 |
| Land Assessment | $443,520 | Total Assessment | $5,997,400 |
Property Taxes
Parcel Number
028-010.03
Land Assessment
$443,520
Improvements Assessment
$5,553,880
Total Assessment
$5,997,400
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Prinova | 4637 Port Royal Rd
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