121 Russell StPortland, TN 37148

Property Details for 121 Russell St

Year built

1974

Lot size

2.52 AC

Property size (Sq ft)

24,221 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

083033A E 00800

APU

083033AE00800

Description

This exceptional investment opportunity presents a 24,221-square-foot warehouse located at 121 N Russell Street in Portland, Tennessee. The property sits on a 2.52-acre lot and was constructed in 1974. Currently configured as a single-tenant facility, it operates under a triple-net (NNN) leaseback agreement with FlexPAC Inc., a manufacturer of packaging supply materials. This sale-leaseback transaction offers investors immediate cash flow from a fully stabilized tenant. The warehouse is strategically located in Sumner County, an area recognized for its robust economic growth and skilled workforce. Portland's convenient proximity to Downtown Nashville provides access to a large labor pool and numerous amenities. This prime location, coupled with the strong tenant and stable lease structure, makes this warehouse an attractive investment for both short-term returns and long-term asset appreciation. The property's industrial nature and substantial size make it suitable for various distribution and manufacturing needs. The sale-leaseback structure minimizes management responsibilities for the investor while providing a consistent income stream. This presents a compelling opportunity to acquire a high-quality, fully leased industrial asset in a thriving Tennessee market.

• Alternative Use

  Use

  Valuation

  Residential

  $4,789,332

  Hospitality

  $4,387,002

  Educational

  $3,649,934

  Medical

  $3,775,461

  Retail

  $5,677,676

Location Insight

City

Portland

County

Sumner

State

Tennessee

Latitude

36.5834

Longitude

-86.5152

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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