JLL is pleased to offer for sale the fee simple interest in a single tenant, call center office building totaling 121,596 SF leased to Asurion and located at 5720 Crossings Blvd in Antioch, TN, part of the Nashville MSA. Founded in 1994 and one of the area's top ten employers, Asurion is a privately-held company headquartered in Nashville that provides insurance for smartphones, tablets, consumer electronics, appliances, satellite receivers, and jewelry for 300 million consumers worldwide. As a sign of its commitment to the Property, the Tenant recently executed an early extension for an additional seven years of firm lease term to take the lease expiration to August of 2028. During the Tenant's occupancy, more than $7.0 million in capital has been invested into the Property. This facility is one of just five elite call centers out of a total of 40 locations, and it serves as 24/7 technical support for Asurion's Premier Solutions division. The Property benefits from exceptional regional access with proximity to the interchange of Hickory Hollow Parkway and the I-24.
Long-Term Net Lease with Attractive Terms
Industry Leading Tenant, Robust Performance During Pandemic
Recent Tenant Commitment to Building and Nashville
Exceptional Return Metrics
Long-Term Optionality for Repositioning
Strong Submarket Momentum