1500-A W Main St - Restaurant FOR SALE


Lebanon, TN 37087
$3,217,391 USD
310-766-5205
1500-A W Main St, Lebanon, TN for Sale
$3,217,391 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

1500-A W Main St
Lebanon, TN 37087


HIGHLIGHTS

  • Single-Tenant Net Leased Retail Asset – Corporate Guarantee from Starbucks, Inc. (NYSE: SBUX)
  • Brand New 2025 Construction - 20-Year Roof Warranty- Dual-Lane Drive-Thru
  • 1.775 Acre Parcel - Situated on TN-24 (Main Street) – 27,800+ VPD
  • Cross-Access Agreement with Dollar Tree Parcel Next Door
  • 108,700+ Residents Within a 10-Mile Radius - $124,100+ AHHI Within a 10-Mile Radius
  • 12th Fastest-Growing City in the U.S. (U.S. Census Bureau)

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer for sale a single-tenant Starbucks (Corporate Lease) located in Lebanon, TN (Nashville MSA). Starbucks (NYSE: SBUX) operates over 41,000 stores worldwide, has over 361,000 employees, and has a net revenue of $36.18B (2024). The subject building was just recently completed in 2025, and rent has commenced. Based on initial performance numbers, this location has proven to be a top performer within the Starbucks system. The 2,540 SF building is located along Main Street and is situated on a 1.775-acre parcel. Main Street is a major commercial thoroughfare running through the city of Lebanon. The parcel can also be accessed from the rear via Winwood Dr. The state-of-the-art, most recent building prototype is equipped with a dual lane drive-thru, extended stacking lane, outdoor dining patio, and indoor sit-down seating area. The initial 10-year lease includes four 5-year Options with scheduled rental increases of 8% every 5 years. The lease is NNN with landlord obligations for roof, structure, parking areas, sidewalk, and landscaping. Aside from roof & structure, the maintenance of the parking lot and landscaping are reimbursable CAM expenses by the tenant. With minimal landlord responsibilities, a corporate guaranteed lease from one of the largest companies in the world, and an investment-grade credit rating (S&P: BBB+), this asset is ideal for an investor seeking passive cash flow within a major MSA. Lebanon, TN has been recognized as the 12th fastest-growing city in the U.S. by the U.S. Census Bureau, with a 8.9% population increase between July 2023 and July 2024, and a nearly 40% increase since 2020. This rapid growth is attributed to a convenient location near Nashville, an affordable cost of living, a growing job market with major employers, and a high quality of life.

FOR SALE DETAILS

PRICE

$3,217,391 USD

PRICE/SF

$1,267 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | 10 Year NNN | 1.775 Acre Parcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

-

APN/PARCEL ID

095-057M-B-00303

ASK ABOUT THIS PROPERTY

Adam FriedlanderColliersMore Info
310-766-5205

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Adam FriedlanderColliersMore Info
310-766-5205

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