919 Sparta St
Industrial
Marketing description
This property consists of an industrial building in McMinnville, TN, strategically positioned on Sparta Street (Highway 70S) with direct, signalized access to the Nashville-Chattanooga-Cookeville freight corridors. *Building 1 at 915 Sparta St is an approx. 50,000 SF manufacturing/warehouse wing sitting on approximately 3.5 pristine acres, featuring an exclusive approx. 6,000 SF internal loading/staging zone and 11'-14' clear heights optimized for low HVAC overhead is available separately or as part of the portfolio. Building 2 at 919 Sparta St is an approx. 70,000 SF distribution and heavy manufacturing wing with wide-open spans, structural steel beam support, and active 3-phase power with plumbing ready for bathroom modernizations.
The property is located less than 15 minutes from the massive $550M Bridgestone Americas expansion and Yorozu Automotive, an 800,000 SF Tier 1 hub employing over 2,000 people. Quick, traffic-free access to I-24 via Manchester positions freight lines within a 75-mile drive to downtown Nashville and 65 miles to Chattanooga. The portfolio presents an opportunity to acquire heavy infrastructure at historic prices, with a combined portfolio price of $15.79/SF compared to new Mid Tennessee builds at ~$140/SF.
Investment highlights
- Frontage on Sparta St (Highway 70S) in McMinnville, TN with direct, signalized access to the Nashville-Chattanooga-Cookeville freight corridors
- Building 2 (919 Sparta St): 70,000 SF distribution and heavy manufacturing wing
- Wide-open spans with structural steel beam support
- Active 3-phase power, with plumbing ready for bathroom modernizations
- Located less than 15 minutes from $550M Bridgestone Americas expansion and Yorozu Automotive (800,000 SF Tier 1 hub employing over 2,000 people)
- Quick, traffic-free access to I-24 via Manchester, positioning freight lines within a 75-mile drive to downtown Nashville and 65 miles to Chattanooga
- 915 Sparta St is additionally available as part of portfolio - $16/SF when purchased as a portfolio - lock in your valuation, stop paying Metro-Nashville premiums
- Instead of writing a rent check that vanishes into a landlord's pocket, buyers may be able to utilize SBA 504 financing (as low as 10% down) to build massive corporate equity
- Immediate scale or sublease: A buyer can occupy the move-in ready 50K SF space at 915 Sparta today, and hold the 70K SF high-bay space for future expansion—or lease it out for immediate passive income to offset the mortgage
- Warren County and the surrounding region house a population of roughly 40,000 residents, heavily concentrated in skilled blue-collar trades, agriculture, and automotive manufacturing
- Higher retention, lower turnover compared to hyper-competitive, high-turnover labor market of Nashville proper
- McMinnville is globally recognized for its massive commercial nursery infrastructure, generating hundreds of millions in agricultural commerce annually
- The massive green industry requires an endless, reliable supply chain of localized commercial packaging, freight distribution, agricultural equipment fabrication, and heavy tool machining
- Owning an industrial facility on Sparta St puts a logistics provider or manufacturer directly in the path of this massive, recession-proof local industry
- The Great Migration Inward: As institutional investors buy up and price out local companies from the major metro hubs, secondary markets with heavy infrastructure are seeing unprecedented demand
- SBA 504 Financing Structure: Ideal for owner-users, buyers may be able to leverage favorable government-backed financing
- 10% Buyer Down Payment: ~$189,500 (for the entire portfolio)
- 40% SBA Portion: Fixed long-term below-market rate
- 50% Bank Portion: Competitive conventional terms
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