1231 Bridgestone PkwyLa Vergne, TN 37086

Property Details for 1231 Bridgestone Pkwy

Year built

1994

Lot size

9.13 AC

Property size (Sq ft)

14,100 SF

Property type

Auto shops

APN

017-044.00-000

APU

1704400000

Description

This fee-simple industrial property in La Vergne, TN (Nashville MSA) offers a compelling investment opportunity. The 14,225 square-foot warehouse, built in 1994 and renovated in 2021, sits on a 9.13-acre lot (with approximately 4 usable acres for outdoor storage) and is currently 100% occupied by H&E Rentals under a net lease with a corporate guarantee. The lease, commencing January 25, 2021, and expiring April 30, 2031, has a remaining term of 6.4 years and includes two, two-year renewal options with 2.5% annual rent increases. The property features a fully fenced yard, offices, parts warehouse, a repair shop with six service bays and an overhead crane. The asking price is $4,608,000, representing a 5.75% cap rate and a net operating income (NOI) of $264,915. Strategically located off I-24, this property benefits from its proximity to Nashville International Airport and the rapidly growing Murfreesboro MSA, experiencing low industrial vacancy rates. The tenant, H&E Equipment Services (NASDAQ: HEES), is a major player in the equipment rental industry, providing strong financial backing and long-term stability. This offering presents a rare opportunity to acquire a high-quality, net-leased industrial asset in a thriving market with significant upside potential.

Location Insight

City

La Vergne

County

Rutherford

State

Tennessee

Latitude

36.0097

Longitude

-86.6026

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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