2831 Elm Hill Pike - Fast Food FOR SALE


Nashville, TN 37214
$2,380,000 USD
248-688-0631
2831 Elm Hill Pike, Nashville, TN for Sale
$2,380,000 USD
Fast Food - FOR SALE
1/9
null | 5% Cap Rate

2831 Elm Hill Pike
Nashville, TN 37214


HIGHLIGHTS

  • New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
  • NNN Leased | Leased Ownership | Limited Landlord Responsibilities
  • Dense Retail Trade Area | Strong Nearby Tenant Presence | Located Outside Nashville International Airport
  • Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped | 2024 Construction | Excellent Visibility
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN leased, corporate guaranteed, drive-thru equipped, Dutch Bros investment property located in Nashville, TN. The tenant recently signed a brand-new 15-year lease with 3 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The asset, which opened in February 2024, features a state-of-the-art design using the highest-quality materials available. Dutch Bros is strategically located at the signalized, hard corner intersection of McGavock Park and Elm Hill Pike, averaging a combined 25,600 vehicles passing by daily. The asset benefits from nearby access onto State Highway 155 (98,300 VPD), Interstate 40 (195,500 VPD), and Interstate 24 (173,800 VPD), making this a centralized location with easy access for employees and customers. Dutch Bros is ideally situated within a dense retail trade area with a strong mix of national/credit tenants including Publix, AutoZone, Walgreens, Target, Kroger, Harbor Freight Tools, and others. In addition, the property lies just outside of Nashville International Airport with many hotels within walking distance, making it a convenient option to accommodate traveler’s coffee needs. The strong tenant synergy increases consumer draw to the immediate trade area, promotes crossover store exposure, and contributes to the local economy. Furthermore, the property is near many numerous single-family communities and multi-family complexes including Atrium Flats (120 units), Sheffield Heights (202 units), Highland on Briley (408 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 146,300 residents and 121,200 daytime employees, with a healthy average household income of $87,283.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$2,505 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

CL

APN/PARCEL ID

095-15-0-007

ASK ABOUT THIS PROPERTY

Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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