6970 Nolensville Rd - Convenience Store FOR SALE


Brentwood, TN 37027
$8,445,000 USD
202-286-1542
6970 Nolensville Rd, Brentwood, TN for Sale
$8,445,000 USD
Convenience Store - FOR SALE
1/9
null | 5% Cap Rate

6970 Nolensville Rd
Brentwood, TN 37027


OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$8,445,000 USD

PRICE/SF

$1,624 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven - Brentwood, TN (Nashville MSA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.72 AC

LAND SF

205,437 SF

ZONING

C-2

APN/PARCEL ID

186-00-0-013

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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