- For Sale $773,000
- Property Type Industrial - Warehouse/Distribution
- Lot Size 1.72 SF
- Building Class B
- Year Built 1977
- Year Renovated 2022
- Date Updated Apr 30, 2024
8.00% Cap Rate
Colliers is pleased to offer to qualified investors an industrial property in Tennessee. The Property totals 40,278 SF on 1.72 acres and is 100% leased to HLJ Foam Products. The property is located in Milan, Tennessee located between Memphis and Nashville off Interstate 40 just north of Jackson.
HLJ Foam signed a new, 5-year NN lease renewal in May 2022. The lease offers attractive annual rental increases with minimal landlord responsibilities.
HLJ Foam Products is a supplier of industrial foams for consumer products and the marine industry. HLJ Foam is the recent split of Allied Foam Fabricators’ consumer products division. The company moved the majority of their operations directly across the street to a 250K SF warehouse in 2020, as they had outgrown the 40,000 SF due to the growing demand for their contracts with Sam’s Club, Costco and Pottery Barn.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Jimmy Ullrich
Location
Getting Around
-
Walk Score ®
34/100
Car-Dependent
-
Bike Score ®
57/100
Bikeable
- City Milan, TN
- Neighborhood Milan
- Zip Code 38358
Points of Interest
-
Exxon
0.73 miles
-
Shell
1.64 miles
-
Murphy USA
2.22 miles
-
Marathon
7.88 miles
-
Shell
8.03 miles
-
Murphy USA
9.79 miles
-
Exxon
9.92 miles
-
Area T116
5.58 miles
-
Taco Bell
0.38 miles
-
Subway
0.42 miles
-
Wendy's
0.43 miles
-
McDonald's
0.44 miles
-
Maria's Mexican Grill
0.46 miles
-
Hig's Restaurant
0.46 miles
-
Lee's Famous Recipe Chicken
0.62 miles
-
Burger King
0.69 miles
-
Huddle House
0.72 miles
-
Sonic
0.76 miles
-
Save-A-Lot
0.46 miles
-
Ruler Foods
0.54 miles
-
Walmart Supercenter
2.21 miles
-
Walmart Supercenter
9.69 miles
-
Goody's
9.91 miles
-
Hays Cash Saver
9.94 miles
-
Milan Police dept.
0.35 miles
-
Milan Fire Dept.
0.38 miles
-
Milan General Hospital
0.51 miles
-
Physicians Quality Care
2.35 miles
-
Atwood Fire Department
6.44 miles
-
Renew Heathy Living
7.31 miles
-
Fast Pace Urgent Care - Humboldt
9.83 miles
Frequently Asked Questions
What is the lease rate for HLJ Foam Products - Industrial Net Lease?
Rental asking rate at HLJ Foam Products - Industrial Net Lease is $386,500.00/YR.
What is the total square footage of HLJ Foam Products - Industrial Net Lease?
HLJ Foam Products - Industrial Net Lease totals 40,278 square feet.
When was this property built?
HLJ Foam Products - Industrial Net Lease was built in 1977.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Contact Listing Broker
