12954 Fountain Run Rd
Single-Tenant Absolute Net Lease | 10-year Lease Term
Marketing description
Colliers is pleased to present the exclusive opportunity to acquire a single-tenant, absolute net leased industrial facility comprising 129,388 square feet on 15.01 acres. The property is 100% occupied by APACE Packaging, an established pharmaceutical packaging company with a demonstrated long-term commitment to the site and substantial capital invested in facility-specific improvements and operations.
The offering represents a compelling passive investment opportunity, underpinned by mission-critical real estate, a recently extended long-term lease, and a tenant who has initiated three building expansions and nearly two decades of continuous occupancy at the location. The absolute net lease structure eliminates landlord responsibilities, providing investors with predictable, management-free cash flow.
Investment highlights
- Recently Lease Extension - 10+ year term recently extended through July 2036
- Attractive Pricing - $12,525,000 asking price reflecting an 8.00% cap rate
- Rent Growth - 3% annual rent escalations
- Absolute Net Lease Structure - Zero landlord responsibilities
- Mission-Critical Facility - Significant tenant improvements and three prior building expansions (2012, 2017 and 2022) result in a very sticky tenant profile
- Tenured Occupancy - APACE Packaging has operated continuously at this location since 2005
- Specialized Building Infrastructure - Climate-controlled environment with heavy power capacity tailored to pharmaceutical packaging operations. This includes 8 advanced packaging lines, clean rooms, advanced robotics, secure FDA-compliant spaces and high bay warehousing
- Strategic Regional Access - Convenient proximity to Nashville and Bowling Green labor pools and distribution networks
- Strategic Location - Originally chosen in 2005 for its proximity to key clients R&S Northeast and AvKARE
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