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34287903
34287916

707 William Northern Boulevard, Tullahoma, TN 37388 For Sale

SW
Unpriced
10 days on market
Updated 10 days ago

Fee-simple-owned HANGAR Tullahoma TN (South of Nashville)

Details
Property Type Mixed Use, Industrial (+1)
Sub Type Aviation, Hangar (+1)
Square Footage 22,448
NOI $192,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/01/2029
Rent Bumps Yes
Class B
Year Renovated 2022
Acreage 2.000
Zoning Commercial - Industrial/Warehouse
Investment Type Net Lease
Lease Commencement 09/01/2024
Ground Lease No
Ceiling Height 21

22,500 sqft Aircraft Hangar - Middle Tennessee

Marketing description

Rare opportunity to acquire a 22,448± SF aviation hangar at Tullahoma Regional Airport (THA) on fee simple owned land with deeded through-the-fence access—a highly uncommon ownership structure in airport real estate where most hangars operate under long-term ground leases.

The property is currently 100% leased on a Triple Net (NNN) basis to Nebraska ARMS Aviation, providing stable in-place cash flow with 3% annual rent escalations. The tenant is responsible for taxes, insurance, utilities, and operating expenses, creating a low-management investment opportunity.

Originally constructed as a WWII aircraft hangar, the building has been modernized and includes approximately 22,448 square feet with two 90-foot aircraft doors, approximately 21 feet of clear door height, 800-amp/460V electrical service plus a separate 400-amp service, office space, machine shop, restroom with shower, and a 90-foot privately owned aircraft ramp/apron.

Strategically located in the heart of Tennessee's growing aerospace and manufacturing corridor, Tullahoma Regional Airport offers convenient access to Nashville, Chattanooga, and Huntsville, making the property attractive for aviation operators, aerospace companies, and long-term investors alike.

Investment highlights

  • Fee Simple Airport Ownership (No Ground Lease)
  • Deeded Through-the-Fence Airport Access
  • 22,448± SF Clear-Span Hangar
  • Long-Term Triple Net (NNN) Lease
  • 3% Annual Rental Escalations
  • 90' Privately Owned Ramp/Apron
  • Heavy Power (800A/460V + Separate 400A Service)
  • Strategic Middle Tennessee Aviation Location

Listing Contacts

SW

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$192,000.00
$16,000.00/mo

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