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500 Aviation Way 25,250 SF Specialty Building Offered at $7,500,000 at a 4.80% Cap Rate in Lebanon, TN 37090
Investment Highlights
- 10-Year True NNN Lease with 3% Annual Escalations
- Long Remaining Ground Lease Term (~43 Years)
- Institutional Medical Credit Tenant
Executive Summary
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.
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.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $7,500,000 | Property Subtype | Airplane Hangar |
| Price Per SF | $297.03 | Building Class | B |
| Sale Type | Investment | Building Size | 25,250 SF |
| Cap Rate | 4.80% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2023/2026 |
| Zoning | Commercial - Airport-designated property at Lebanon Municipal Airport (M54). Aviation-related uses permitted under airport and City of Lebanon regulations. | ||
| Price | $7,500,000 |
| Price Per SF | $297.03 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Property Type | Specialty |
| Property Subtype | Airplane Hangar |
| Building Class | B |
| Building Size | 25,250 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2023/2026 |
| Zoning | Commercial - Airport-designated property at Lebanon Municipal Airport (M54). Aviation-related uses permitted under airport and City of Lebanon regulations. |
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Property Taxes
| Parcel Number | 081-004.01 | Improvements Assessment | $1,422,100 (2025) |
| Land Assessment | $6,440,900 (2025) | Total Assessment | $7,863,000 (2025) |
Property Taxes
Parcel Number
081-004.01
Land Assessment
$6,440,900 (2025)
Improvements Assessment
$1,422,100 (2025)
Total Assessment
$7,863,000 (2025)
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500 Aviation Way
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