2530 Highway 46 S - Fast Food FOR SALE


Dickson, TN 37055
$2,861,000 USD
510-289-1166
2530 Highway 46 S, Dickson, TN for Sale
$2,861,000 USD
Fast Food - FOR SALE
1/1
null | 5.5% Cap Rate

2530 Highway 46 S
Dickson, TN 37055


HIGHLIGHTS

  • Absolute NNN Leases to Established Sonic Franchisee with Approximately 10 Years Remaining
  • Strong Store Sales with Percentage Rent Included – Low Rent to Sales Ratios
  • Personal Guaranty from Experienced Operator with 32 Units
  • Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
  • No State Income Tax in Tennessee

OVERVIEW

The subject property is ideally located on Highway 46 (26,680 AADT) just one-third of a mile south of Interstate 40 (39,464 AADT). A single, freestanding building situated on just under one acre, it offers outside seating, curbside pickup, take-out, drive-through, and delivery service. Neighboring businesses include Colton’s Steak House & Grill, Koto Asian Cuisine, O’Charley’s Restaurant & Bar, hotels including Holiday Inn, Days Inn, Quality Inn, and several convenience stores. Within 5 miles of the site, total daytime population is 21,172, and the average household income within 3 miles is $85,248. Dickson County’s premier location provides access to a wide range of post-secondary education institutions. Nashville State Community College offers over 80 programs across several industries, awarding associates of applied science degrees, technical certificates or transfer degrees at the Renaissance Center in Dickson. Freed-Hardeman University is a private Christian institution with campuses in Dickson and Henderson, offering undergraduate, graduate, and doctoral degrees in behavioral sciences, business, education, nursing and theology. Dickson County is also served by dozens of colleges, universities, and other higher education entities throughout the Greater Nashville Area. Two local medical centers include TriStar Natchez ER, just a half mile from the site. TriStar is dedicated to emergency care with board-certified emergency medicine physicians on staff. As part of TriStar Health, they have access to 26 beds and additional hospital services at TriStar Horizon Medical Center, located just five miles north. TriStar Medical Center is a fully accredited, 157-bed regional medical center, offering a wide array of services including cardiology, diagnostic imaging, emergency, inpatient rehabilitation, oncology, orthopedics, and women’s services. TriStar Horizon recently celebrated the completion of a newly renovated $1.4 million cardiac catheterization lab. With its gentle rolling hills, diverse employment base, thriving retail growth, schools ranked among the best in the state, excellent healthcare facilities and vibrant arts and recreation facilities, Dickson County is a great place to live, work and play. Easy interstate access and close proximity to Nashville means Dickson County is the ideal place for laid-back rural lifestyles, yet just a 30-minute drive can put you in the heart of Music City USA. Other significant employers include the Dickson County Board of Education, Walmart, Inc., Dickson County Government, Development Services of Dickson County, Dickson Medical Associates PC, and National Healthcare Corporation. Overall, 249 businesses of the total 2,400+ entities within the county have 20 or more employees.

FOR SALE DETAILS

PRICE

$2,861,000 USD

PRICE/SF

$2,336 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

129M-A-003.00

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.