2310 Fairview blvd - Storefront FOR SALE


Fairview, TN 37062
$2,911,000 USD
980-498-3293
2310 Fairview blvd, Fairview, TN for Sale
$2,911,000 USD
Storefront - FOR SALE
1/4
null | 6.15% Cap Rate

2310 Fairview blvd
Fairview, TN 37062


HIGHLIGHTS

  • NEW CONSTRUCTION WITH LONG TERM LEASE
  • STRONG LEASE FUNDAMENTALS WITH BUMPS
  • DENSE LOW VACANCY RETAIL CORRIDOR

OVERVIEW

CORPORATE LEASE WITH FORTUNE 500 COMPANY - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2024 EOY sales increased to 11.1% to a record $22.15B STRONG LEASE FUNDAMENTALS WITH BUMPS - NN Lease with minimal Landlord Responsibilities - Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option DENSE LOW VACANCY RETAIL CORRIDOR - Along the busy Fairview Blvd (15.5K VPD) within a 1-mile radius of the site is more than 345K SF of retail space boasting a 0.5% vacancy rate - Nearby National Retailers Include: Publix Supermarket, Tractor Supply Co., Walmart Supercenter, and more HIGH DEMAND FOR TENANT’S PRODUCT - Fairview, TN has more than 3K permits for new home construction - Nashville ranked 3rd in large metros building the most homes (construction coverage) - 28K home building permits authorized in 2022 - 32.8 permits authorized per 1K homes HIGH GROWTH NASHVILLE MSA - Nashville MSA was ranked #1 in PWC’s annual US Real Estate Markets to Watch in 2024 - Approximately 98 people move to Nashville, TN a day - Site is located outside of Nashville, TN in a income tax free state NEW CONSTRUCTION WITH LONG TERM LEASE - New Construction built with Sherwin’s newest store layout - Transferable warranties to be assigned to new owner - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term

FOR SALE DETAILS

PRICE

$2,911,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

-

APN/PARCEL ID

047-002.03

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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