1007 Nashville Pike - Storefront Retail/Office FOR SALE


Gallatin, TN 37066
$4,815,000 USD
615-796-4076
1007 Nashville Pike, Gallatin, TN for Sale
$4,815,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 6.3% Cap Rate

1007 Nashville Pike
Gallatin, TN 37066


HIGHLIGHTS

  • NEW TO MARKET NASHVILLE-TENNEESSEE INVESTMENT
  • HIGH QUALITY BRICK CONSTRUCTION
  • DOMINANT LOCATION AT HIGH TRAFFIC SIGNALIZED INTERSECTION
  • LOW VACANCY MARKET WITH HIGH BARRIER OF ENTRY
  • CORPORATE LEASES WITH ASPEN DENTAL & MATTRESS FIRM
  • RENEWAL OPTIONS WITH FIXED 10% RENTAL INCREASES

OVERVIEW

Market Retail Partners is pleased to offer for sale to qualified investors an attractive High quality construction three-tenant NNN leased retail investment opportunity located in Gallatin, Tennessee (Nashville MSA). The subject property is a 100% occupied 8,800 square foot all brick multi-tenant retail building leased to three national credit tenants until 2028. Both Aspen Dental and Mattress Firm are corporate stores and Jimmy John’s is owned and operated by a local multi-unit franchisee. Aspen Dental has two remaining 5-year options to extend with a 10% rental increase in each. Jimmy John’s has one 5- year option to extend with 10% rental increases. This property is ideally situated at a signalized intersection of Nashville Pike and Village Green Drive directly across from Wal-Mart Supercenter. High traffic counts with the annual average daily traffic exceeding 27,000 along Nashville Pike and over 35,000 on Highway 109. The City of Gallatin is located approximately 25 miles north of Nashville in Sumner County.

FOR SALE DETAILS

PRICE

$4,815,000 USD

PRICE/SF

$454 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

PNC

APN/PARCEL ID

126P-D-041.00

ASK ABOUT THIS PROPERTY

Kevin FultonMarket Retail Partners LLCMore Info
615-796-4076

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Kevin FultonMarket Retail Partners LLCMore Info
615-796-4076

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