4040 Lebanon Pike - Freestanding FOR SALE
Hermitage, TN 37076 |
$2,856,074 USD
615-671-4431
4040 Lebanon Pike
Hermitage, TN 37076
HIGHLIGHTS
- Strong Credit Tenant – SiteOne Landscape Supply (NYSE: SITE) holds a Ba2 credit rating from Moody’s.
- Great Visibility – The property benefits from approximately ±35,700 vehicles passing by daily on Lebanon Pike.
- Dense Retail Corridor – The property is surrounded by national retailers such as Truist, Dutch Bros Coffee, Mattress Firm, Aspen Dental, Hobby Lobby,
- Attractive Rent Increases – SiteOne’s lease includes 2.5% annual rent increases, offering a hedge against inflation.
- Value-Add Component – A new investor can negotiate a new lease with Lamar for the billboard on the property.
- Essential Business – SiteOne locations remained operational during the COVID-19 pandemic.
FOR SALE DETAILS
PRICE
$2,856,074 USD
PRICE/SF
$246 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SITEONE LANDSCAPE SUPPLY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.4 AC
LAND SF
60,984 SF
ZONING
CL
APN/PARCEL ID
075-13-0-243
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615-671-4431
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615-671-4431
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