606 Butler Drive_Property for Sale
606 Butler Drive_Property for Sale

606 Butler Drive

606 Butler Drive, Murfreesboro, TN, 37127, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for Butler Logistics Center, a highly functional multi-tenant industrial distribution asset strategically located in the heart of Murfreesboro, Tennessee, located in one of the Nashville MSA’s fastest-growing and highest absorption industrial submarkets. The Property totals 250,350 square feet and presents investors with the opportunity to acquire a well-leased, cash-flowing industrial asset positioned within one of Middle Tennessee’s premier distribution corridors. Butler Logistics Center (606 Butler Dr, Murfreesboro, TN) features 18 dock-high doors, 2 drive-in doors, 50’ x 50’ column spacing, reinforced concrete construction, and recent capital improvements including a new 45- mil TPO roof (20 yrs warranty), repaired/resealed truck court, new facia, new lighting, repainted tilt-up panels, new 1,800 SF office, and more, enhancing the building’s long-term durability while minimizing near-term capital needs.


The Offering provides investors with immediate cash flow from a diversified rent roll while preserving meaningful upside through future leasing, and continued rent growth. Functional mid-bay industrial product remains highly sought after throughout the Nashville MSA, where limited availability and strong tenant demand continue to support occupancy and rental rate growth. This is further highlighted in current ownership’s efficient lease-up following a vacant acquisition in Sep 2025 (50% preleased, 100% leased following completion of capital improvements program). Butler Logistics Center represents an opportunity to acquire a well-located, durable industrial investment combining stable in-place income, proven building functionality, and long-term value creation within one of the Nashville region's most established industrial corridors.

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Attributes

Rentable area
23,258 m²
Tenants
2
WALT
3.8 Years
Distance to I-24
1.7 Miles
Efficient Lease-Up
50% preleased; 100% 4 mos. following capital improvements program
Limited Competing Inventory
3 availabilities between 100-200k SF in Murfreesboro
Significant Rent Discount To New Product
Class B market rents at a ~28% discount to Class A

Media

Investment Highlights

Functional Asset with Stable In-Place Cash Flow in a Prime Industrial Corridor

  1. 100% leased to Wausau Supply Co and Tessco Technologies with 3.8 years WALT and 3.50-4.00% annual rent escalations
  2. Low-end of market rent
  3. 18 dock-high doors, 2 drive-ins
  4. Recent capital improvements including a new 45-mil TPO roof (20 yrs warranty), repaired/resealed truck court, new facia, new lighting, repainted tilt-up panels, new 1,800 SF office, and more
  5. Efficient lease-up: 50% preleased, 100% leased 4 months following completion of capital improvements programs
  6. Cross-dock configuration
  7. The Property sits just 1.7 miles from I-24, and 8 miles from I-840
  8. Located in Murfreesboro, TN: 16th fastest growing city in America, premier labor force, and 3rd highest median household income in the state
  9. Limited competing mid-bay supply: only three 100-200 KSF availabilities in Murfreesboro
  10. Value alternative, significant discount to new product (~28% lower rents)


Strong Southeast Nashville Submarket Fundamentals

  1. 5.2% Q2 vacancy (20% below Nashville average)
  2. Rents up 56% since 2021
  3. Construction activity has declined by nearly 70% YoY
  4. 44% of all Nashville leasing occurred in the Southeast submarket last quarter
606 Butler Drive 4_Property for Sale
606 Butler Drive 4_Property for Sale

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Last updated Aug 27, 2026