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The Bennett Hill Spring water facility purchased in 2001 by the French water company Perrier was used as a bottling plant for water bottled under the Perrier-owned label, Nestle Pure Life. Due to the highly competitive water category and in response to the competitive situation, Nestle made the decision to cease production at the Red Boiling Springs, TN facility, effective Dec. 4, 2018.

The spring has not been used since.

The Bennett Hill Spring can provide up to 700,000 gallons of spring water per day. It is located in Red Boiling Springs, Tennessee in the county of Macon, approximately 50 miles northeast of Nashville, Tennessee. This location is also adjacent to the Kentucky state line and is centrally located to both Tennessee and Kentucky.  From this one location, you can effectively service the majority of the entire state of Tennessee and also cover the majority of the state of Kentucky when the opportunity for expansion into Kentucky is realized.

We are selling this water resource, which includes almost 250 acres, the spring and property surrounding the watershed (in the event of a disruption of service or loss of water source) to municipalities and private companies that are reliant on water for their manufacturing capabilities.
Water municipalities, utility districts, and other government water entities that are struggling to provide safe, clean, reliable water to their customers. This includes those that are currently out of compliance with state and federal agencies who oversee the safety and reliability of community water resources.

A new study states that water prices could rise to unaffordable levels for many living in Tennessee and Kentucky by 2020. Kim Schofinski, Deputy Communications Director for the Tennessee Department of Environment and Conservation (TDEC) says that TDEC has no role in how water prices are set since that is done by individual utility districts, but TDEC does offer help. “TDEC prioritizes access to healthy drinking water for all Tennesseans. We offer programs, resources and funding to increase the sustainability of our state’s drinking water resources for local communities through programs such as the ‘State Revolving Fund Loan Program’, which has provided $1.5 billion in low-interest loans to 370 communities for investment in their water treatment and wastewater treatment plants in the past 20 years.  In 2016 alone, this program awarded 25 loans to Tennessee communities, totaling more than $87 million in support. The department also manages the Fleming Training Center in Murfreesboro which offers classes, training, training assistance, and other services to treatment plants and water management staff.”

In the same study, Tennessee ranked 6th in the nation with 24.7% of the state’s tracts (individual water basins) considered “high risk” and Kentucky ranked 4th with 27.6% of its tracts considered “high risk”.

Contact us for more information and prospectus.


Contact us for more information and offering memorandum.