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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: 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: 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
| Sale Type | Investment NNN | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 1995 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.03/1,000 SF |
| Building Class | B | Clear Ceiling Height | 25’ |
| Lot Size | 10.28 AC | No. Dock-High Doors/Loading | 5 |
| Rentable Building Area | 68,000 SF | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Light Industrial | ||
| Sale Type | Investment NNN |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 10.28 AC |
| Rentable Building Area | 68,000 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Ratio | 1.03/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Light Industrial |
AMENITIES
- Fenced Lot
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PROPERTY TAXES
| Parcel Number | 053K-C-004.00 | Improvements Assessment | $2,571,978 CAD |
| Land Assessment | $4,821,513 CAD | Total Assessment | $7,393,492 CAD |
PROPERTY TAXES
Parcel Number
053K-C-004.00
Land Assessment
$4,821,513 CAD
Improvements Assessment
$2,571,978 CAD
Total Assessment
$7,393,492 CAD
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147 Seaboard Ln
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