1711 Galleria Blvd - Fast Food FOR SALE


Franklin, TN 37067
$5,477,778 USD
601-383-1022
1711 Galleria Blvd, Franklin, TN for Sale
$5,477,778 USD
Fast Food - FOR SALE
1/3
null | 4.5% Cap Rate

1711 Galleria Blvd
Franklin, TN 37067


HIGHLIGHTS

  • Brand New All Masonry Construction – Currently under construction to be a modern build with no deferred maintenance
  • Long-Term Stability – 20 years on a corporately guaranteed lease
  • Strong National Brand – Chipotle is a highly recognized and trusted global brand food service brand
  • Zero Landlord Obligations – The tenant is on an absolute NNN lease allowing for a truly passive investment
  • Attractive Renewal Options – Chipotle has four, 5-year renewal options to extend the lease
  • Nashville Metropolitan Statistical Area – Nashville is the most populous metro area in Tennessee, with a population of just over 2 million people

OVERVIEW

Matthews Real Estate Investment Services is pleased to exclusively offer the trophy opportunity to acquire the fee simple interest in the Chipotle located at 1711 Galleria Blvd, Franklin, TN (the “Property”). An 1,880 square-foot single tenant building on ±0.49-AC, located in arguably one of the most sought-after retail corridors in the southeast. This long-term stabilized net lease asset is on a hard corner, outparceled to the Target Department store and adjacent to countless national retailers and market drivers that attract daily visitors from all over the state. The Cool Springs Galleria is an enclosed super-regional shopping mall 15 miles south of Nashville, and directly between Franklin and Brentwood, Tennessee. The mall features north of 150 stores with anchoring tenants such as JCPenney, 2 Belk stores, H&M, American Girl, Ulta Beauty, Dillard’s, Forever 21, and Macy’s. The area boasts over 13 million square feet of inventory and maintains a vacancy rate of less than 3%. To pair with the trophy location, Chipotle just signed a 20-year absolute NNN lease with 10% rental increases every 5 years. This investment allows qualified investors an opportunity to break into the Nashville market with a long-term, trophy asset in a market where inventory rarely becomes available

FOR SALE DETAILS

PRICE

$5,477,778 USD

PRICE/SF

$2,914 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHIPOTLE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

053-134.00

ASK ABOUT THIS PROPERTY

Ben BurnettMatthews Real Estate Investment ServicesMore Info
601-383-1022

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Ben BurnettMatthews Real Estate Investment ServicesMore Info
601-383-1022

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