264 E Main St - Retail FOR SALE


Hendersonville, TN 37075
$4,364,000 USD
615-933-1333
264 E Main St, Hendersonville, TN for Sale
$4,364,000 USD
Retail - FOR SALE
1/3
null | 5.5% Cap Rate

264 E Main St
Hendersonville, TN 37075


HIGHLIGHTS

  • 15-Year Absolute NNN Lease with Zero LL Responsibilities
  • Premium frontage on E Main Street (US Hwy 31E) in between brand new Chick-Fil-A and Valvoline
  • Just East of 48,000vpd intersection at Indian Lake Blvd, shadow anchored by Publix, Kroger, etc.
  • Great Accessibility and Visibility with cross-access to 3 entrances on E Main Street, include new traffic signal
  • No State Income Tax In Tennessee | Affluent Nashville Suburb with $136,000+ AHHI in 5 miles
  • Jim 'N Nicks is majority-owned by Roark Capital, a private equity group with $40 billion in assets under management

OVERVIEW

Premium, 15-Year, Corporate, Absolute NNN Ground Lease with Jim 'N Nicks Bar-B-Q in the Nashville-suburb of Hendersonville, Tennessee. 15 Year Initial Term, Four 5-Year Options, with Zero Landlord Responsibilities, and 10% Rent Bumps Every 5 Years as a hedge against inflation. Site sits adjacent to brand new Chick-Fil-A and Valvoline Instant Oil Change, which are also available for purchase. Brand new Jim 'N Nick's Bar-B-Q with double drive-through and 54-parking spaces on approximately 1.53 acres with rent commencing in November 2025 Site has access to 3 different curb cuts along East Main Street (US Highway 31E), including a new traffic light scheduled to be installed at Maple Row Boulevard. Affluent Suburb of Nashville, with Average Household Incomes of $136,000+ within 5 miles of the site, located in Tennessee, with NO state income tax! Other nearby retailers and restaurant uses include Publix, Kroger, Lowe's Home Improvement, Raising Canes, Starbucks, and In-N-Out Burger. Jim 'N Nicks is majority-owned by Roark Capital, a private equity group with $40 billion in assets under management. Roark brands generate approximately $96 billion in annual system revenues from 109,000+ locations located in 50 states and 121 countries, spanning multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities.

FOR SALE DETAILS

PRICE

$4,364,000 USD

PRICE/SF

$891 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Jim 'N Nicks - Nashville MSA - 15yr NNN Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

159I-D-029.00

ASK ABOUT THIS PROPERTY

Hunter OldacreSunnyside Realty, LLCMore Info
615-933-1333

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Hunter OldacreSunnyside Realty, LLCMore Info
615-933-1333

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