Prinova
Office | 6.40% CAP | 330,484 SqFt
Marketing description
Fortis Net Lease is pleased to present a prime investment opportunity in the heart of Spring Hill, TN. This institutional-quality asset consists of a modern 330,000 square foot industrial facility positioned in one of Middle Tennessee’s strongest manufacturing and distribution corridors. The property is secured by a long-term 10-year lease with Prinova, a globally recognized ingredients and nutrition solutions company, providing investors with durable cash flow backed by an established corporate tenant.
The lease is structured with attractive 3.5% annual rent increases, delivering built-in income growth and strong inflation protection over the hold period. Offered at a 6.5% cap rate, this investment provides a compelling combination of yield and long-term stability. Located in Spring Hill—one of the fastest-growing industrial hubs south of Nashville—the property benefits from excellent access to I-65, a skilled workforce, and proximity to major manufacturing operations, including the General Motors complex. This offering represents a rare opportunity to acquire a large-scale, mission-critical industrial facility leased to a high-quality tenant in a thriving regional market.
Spring Hill, Tennessee is a fast-growing city located about 30 miles south of downtown Nashville, straddling Maury and Williamson counties. Known for its strong automotive and manufacturing roots, Spring Hill is home to General Motors’ large assembly plant, which has helped anchor the local economy and attract a network of suppliers and related businesses. The city has experienced rapid population growth over the past two decades, transforming it from a small town into a thriving suburban community with a steadily expanding commercial base.
Spring Hill offers a high quality of life supported by well-planned residential neighborhoods, quality schools, and an increasing mix of retail, dining, and healthcare services. Its convenient access to Interstate 65 provides easy connectivity to Nashville, Franklin, and the broader Middle Tennessee region, making it attractive to both commuters and employers. With continued residential and commercial development underway, Spring Hill is positioned to remain one of the region’s most dynamic and economically resilient communities.
Investment highlights
- Brand New Roof in 2022 - 20 Year Roof Warranty
- 330,000 SF industrial facility in Spring Hill’s growing manufacturing corridor.
- 10-year lease with Prinova, a globally recognized tenant.
- 3.5% annual rent increases for built-in cash flow growth.
- 6.4% cap rate offering attractive yield.
- Strategically near GM Spring Hill complex with strong regional connectivity.
- High-growth submarket with strong workforce and industrial demand.
- Nearly 45,000 People within 3 Mile Radius
- Median Home Value More than $516,000 within 3 Mile Radius
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