• The tenant has approximately 12+ years remaining on its lease with 4 (5-year) options to extend
• The lease features 7.50% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Tenant pays for utilities, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• The subject property is strategically located near the signalized, hard-corner intersection of Nolensville Rd and State Highway 253, combining to average over 29,600 vehicles passing by daily
• Adjacent to two newly-developed multifamily complexes, featuring over 300 residential units (Burkitt Commons and Southcrest)
• The site benefits from excellent visibility via significant street frontage and multiple points of ingress/egress
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The 5-mile trade area is supported by approximately 137,800 residents and 32,200 employees, providing a direct consumer base from which to draw
• Residents within 3 miles of the subject property boast an affluent average household income of $168,522