434 N Main St - Freestanding FOR SALE


Goodlettsville, TN 37072
$1,854,000 USD
704-697-1900
434 N Main St, Goodlettsville, TN for Sale
$1,854,000 USD
Freestanding - FOR SALE
1/4
null | 6.15% Cap Rate

434 N Main St
Goodlettsville, TN 37072


HIGHLIGHTS

  • Corporate Signed Lease
  • Nashville, TN - High Growth Market
  • Market Need - Nashville Ranked 3rd, Amongst Large Metros, in Home Building

OVERVIEW

Corporate Lease with Fortune 500 Company - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2022 EOY sales increased to 11.1% to a record $22.15B Located on Retail Corridor - Over 988K SF of retail space located in a 1 -mile radius - 11.3K SF of retail space is currently under construction - The vacancy rate is around 0.4% - Nearby National Retailer Include: Starbucks, Hardee's, and Krystal High Growth Nashville MSA - Nashville MSA was ranked #1 In PWC's annual US Real Estate Markets to Watch in 2024 - Approximately 98 people move to Nashville a day Strong Market for Tenant's Need - Nashville ranked 3rd in large metros building the most homes (construction coverage) - ~28K home building permits authorized in 2022 - 32.8 permits authorized per 1k homes Accessible and Visible Location - Property fronts N. Main St (21K VPD) - Approximately 0.75 miles to I-65 (99k VPD) - Over 580 apartments are located within 1-mile of the site 10-Year Build-to-Suit - New construction built with Sherwin's newest store layout - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term

FOR SALE DETAILS

PRICE

$1,854,000 USD

PRICE/SF

$464 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | 6.15% Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

6ZZ

APN/PARCEL ID

018-16-0-075

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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