1231 Bridgestone Pkwy La Vergne, TN 37086
14,225 SF Warehouse, 9.13 Acres
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Investment-grade net-leased industrial property in La Vergne, TN (Nashville MSA), offering a 5.75% cap rate and $264,915 NOI.
- Strong corporate guarantee from H&E Equipment Services (HEES), a top-5 US equipment rental company with over $1.5B in 2023 revenue.
- Strategically located off I-24, serving the rapidly growing Nashville and Murfreesboro MSAs, with proximity to Nashville International Airport.
- Murfreesboro's population growth exceeds 3.5% annually, and Nashville's MSA boasts over 2 million residents.
- The property features a 14,225 SF warehouse on 9.13 acres (4+ usable acres for outdoor storage), with a fully fenced yard, offices, parts warehouse, and a six-bay repair shop.
- Extremely low industrial outdoor storage vacancy rates (below 3% as of mid-2022), and a 3.4% overall Nashville industrial vacancy rate (Q2 2024).
Property Details for 1231 Bridgestone Pkwy
- Property type
- Warehouses, Industrial properties
- Square Feet
- 14,225 SF
- Year Built/Renovated
- 1994/2021
- Lot Size (sq. ft)
- 397,703 SF
Location Insight
- City
- La Vergne
- County
- Rutherford
- State
- Tennessee
- Latitude
- 36.0059526
- Longitude
- -86.6038984
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - 14,225 SF Warehouse, 9.13 Acres
- Where is the warehouse located?
- The property is located at 1231 Bridgestone Pkwy La Vergne, TN.
- What is the asking price?
- The asking price for this property is $4,608,000.
- What are key features of this property?
- This property features: Investment-grade net-leased industrial property in La Vergne, TN (Nashville MSA), offering a 5.75% cap rate and $264,915 NOI.; Strong corporate guarantee from H&E Equipment Services (HEES), a top-5 US equipment rental company with over $1.5B in 2023 revenue.; Strategically located off I-24, serving the rapidly growing Nashville and Murfreesboro MSAs, with proximity to Nashville International Airport.
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