420 Long Hollow Pike - Fast Food FOR SALE


Goodlettsville, TN 37072
$3,145,700 USD
404-435-6312
420 Long Hollow Pike, Goodlettsville, TN for Sale
$3,145,700 USD
Fast Food - FOR SALE
1/6
null | 5.85% Cap Rate

420 Long Hollow Pike
Goodlettsville, TN 37072


HIGHLIGHTS

  • 16-year absolute NNN lease with 3 renewal options of 5 years each
  • Publix outparcel at a high traffic intersection with over 20,700 cars/day in front of the Property
  • The exit is a powerful workforce node with more daytime employees (5,500+) than residents (5,200+) within a 1-mile radius
  • Mega industrial facilities for nationally recognized brands like Tyson Foods and Associated Wholesale Grocers are located at this exit
  • Average HH income of $106,900 within a 1-mile radius and population of 75,700 within a 5-mile radius
  • Nashville is one of the strongest economies in the U.S., ranking 6th on the Milken Institute’s 2023 list of best performing large cities

OVERVIEW

Trinity Partners is proud to serve as exclusive listing broker on behalf of ownership and present this net lease retail investment opportunity in metro Nashville occupied by Bojangles Famous Chicken ‘n Biscuits, a leader in the quick serve restaurant industry with over 800 locations in 17 states. (“Bojangles” or the “Property”). The Property was developed in the second half of 2022 on 1.19 acres with a 2,775 square foot drive-thru building and 28 parking spaces. Bojangles signed a 16-year absolute NNN lease that commenced in January 2023 with multiple 5-year renewal options and 7% rent bumps every 5 years. The franchisee (BOJ of WNC) is the largest operator in the Bojangles system with over 125 locations in 6 states. The Property is less than 25 minutes north of downtown Nashville and the International Airport just off I-65 in the affluent family community of Goodlettsville. The underlying real estate can’t get much better within the trade area at a high-profile signalized intersection in front of a Publix neighborhood center. Nashville is one of the strongest economies in the U.S. and the largest metro area within a 5-state region.

FOR SALE DETAILS

PRICE

$3,145,700 USD

PRICE/SF

$1,134 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles - Nashville MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

CPUDL

APN/PARCEL ID

143J-G-004.02

ASK ABOUT THIS PROPERTY

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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Tyson GlasserTrinity PartnersMore Info
404-435-6312

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