Contacts
Jimmy Ullrich
Property Details
- Property Type Industrial - Warehouse/Distribution
- Lot Size 1.72 SF
- Building Class B
- Year Built 1977
- Year Renovated 2022
- Date Updated Apr 26, 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.
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Getting around
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34/100
Walk Score ®
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57/100
Bike Score ®
Location
- City Milan, TN
- Neighborhood Milan
- Zip Code 38358
Points of Interest
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Exxon
0.73 miles
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Shell
1.64 miles
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Murphy USA
2.22 miles
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Marathon
7.88 miles
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Shell
8.03 miles
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Murphy USA
9.79 miles
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Exxon
9.92 miles
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Taco Bell
0.38 miles
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Subway
0.42 miles
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Wendy's
0.43 miles
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McDonald's
0.44 miles
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Maria's Mexican Grill
0.46 miles
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Hig's Restaurant
0.46 miles
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Lee's Famous Recipe Chicken
0.62 miles
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Burger King
0.69 miles
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Huddle House
0.72 miles
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Sonic
0.76 miles
In-Depth Research Available for this Property
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