290 Hicks Rd - Fast Food FOR SALE


Nashville, TN 37221
$3,638,000 USD
510-289-1166
290 Hicks Rd, Nashville, TN for Sale
$3,638,000 USD
Fast Food - FOR SALE
1/1
null | 5.8% Cap Rate

290 Hicks Rd
Nashville, TN 37221


HIGHLIGHTS

  • Brand New 10-Year Corporate Net Lease to Starbucks (NASDAQ: SBUX)
  • Scheduled 10% Rental Escalations in Primary Term & Options
  • Relocation Site from Strong Performing Inline Location
  • Prominent Retail Location Neighboring Numerous Top-Performing Major Retail Tenants
  • 1.5 Miles from the Highly Trafficked Interstate 40 Arterial – 98,167 AADT
  • Annual Population Growth Rate of 1.5% within 10 Miles of Site

OVERVIEW

The subject property is prominently located with excellent access and visibility along Highway 70 South (37,798 AADT) near its junction with Interstate 40 (65,660 AADT). The site is approximately 13 miles from downtown Nashville and benefits from robust demographics with a population of 296,428 and average household income of $158,577 within a 10 mile radius. The property benefits from a prominent retail location neighboring numerous shopping centers and major retail tenants. Nearby retail centers include Bellevue Valley Plaza, anchored by Kroger (1.1 million annual visits per Placer.ai) and ALDI (379,000 annual visits); Bellevue Plaza, anchored by TJ Maxx; Bellevue Place, featuring The Home Depot (970,300 annual visits), Goodwill (top 10% of locations nationwide), and Walgreens (349,100 annual visits, top 30% of locations nationwide); Belle Forest Shopping Center, anchored by Red Spirits and Wine; and Bellevue Center, featuring Publix (1.2 million annual visits, top 15% location nationwide), Sprouts (366,600 annual visits & #2 Location in Tennessee), and Homegoods (223,800 annual visits). This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions. (TN License #261721)

FOR SALE DETAILS

PRICE

$3,638,000 USD

PRICE/SF

$1,093 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CL

APN/PARCEL ID

142-00-0-368

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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