1065 Saundersville Rd - Freestanding FOR SALE


Hendersonville, TN 37075
$4,583,000 USD
480-221-4221
1065 Saundersville Rd, Hendersonville, TN for Sale
$4,583,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

1065 Saundersville Rd
Hendersonville, TN 37075


HIGHLIGHTS

  • Brand New 10-Year Lease | Brand New Construction | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • State Highway 386 (64,600 VPD) | Retail Corridor |Strong National/Credit Tenant Presence

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Moon Valley Nursery investment property located in Hendersonville, Tennessee (Nashville MSA). The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in year 6 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Founded in Phoenix, Arizona in 1995, Moon Valley Nurseries is the largest fully-integrated nursery and box tree grower in the United States, now operating 19 farms and 48 retail locations across Arizona, California, Nevada, Florida, Tennessee and Texas, with more than 5,000 acres of nursery property.

FOR SALE DETAILS

PRICE

$4,583,000 USD

PRICE/SF

$2,728 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Moon Valley Nurseries | New 10yr Abs NNN Grd

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

4.84 AC

LAND SF

210,830 SF

ZONING

SR-1

APN/PARCEL ID

146 00402

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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