449 TN-109 - Storefront FOR SALE


Lebanon, TN 37090
$8,697,000 USD
619-218-6427
449 TN-109, Lebanon, TN for Sale
$8,697,000 USD
Storefront - FOR SALE
1/8
null | 5.25% Cap Rate

449 TN-109
Lebanon, TN 37090


HIGHLIGHTS

  • Brand New 2025 High-Quality Construction in Tax Free State
  • Long-Term 15-Year NNN Leases with 10% Increases Every 5-Years
  • Corporately Guaranteed by Chase Bank (NYSE: JPM) and Chipotle (NYSE: CMG)
  • Outparcel to New Publix Supermarket at the Signalized Intersection of TN-109 & Hickory Ridge Road with Traffic Counts Exceeding 40,000 VPD
  • Affluent Nashville Suburb w/ Average Household Income Exceeding $102,000
  • Located in One of the Fastest Growing Markets in the Country – The 10-Mile Population is Projected to Grow to More than 181,000 Over the Next 5-Years

OVERVIEW

The subject property is a newly constructed, dual-tenant asset featuring Chase Bank (NYSE: JPM) and Chipotle Mexican Grill (NYSE: CMG), situated on a 1.35-acre parcel. Both tenants are operating under brand new, long-term corporate-guaranteed NNN leases, providing investors with stable income and minimal management responsibilities. Chase Bank occupies 3,333 square feet under a 15-year corporately guaranteed lease, with 10% rental increases every five (5) years and six (6) five-year renewal options. Chipotle Mexican Grill occupies 2,325 square feet under a 15-year corporately guaranteed lease featuring 10% rent escalations every five (5) years and four (4) five-year renewal options. Located in front of a brand new Publix supermarket, the property benefits from excellent visibility and access at the signalized intersection of TN-109 and Hickory Ridge Road, with traffic counts exceeding 40,000 vehicles per day. It is strategically positioned within a dense and affluent trade area, home to over 154,000 residents with an average household income exceeding $106,000 within 10-miles. Additionally, population in the trade area is projected to grow to more than 181,000 over the next five years, reflecting a growth rate of over 17%. The property is also only minutes from Amazon’s 1-million square foot fulfillment center, which employs over 1,000 workers. National retailers in the immediate vicinity include Publix, Zaxby’s, Whataburger, Dunkin’, FedEx, Wendy’s, McDonald’s, Circle K, Burger King, Waffle House, Jersey Mike’s, Great Clips, Shell, Crate & Barrel, Speedway, & Walmart. This offering represents a rare opportunity to acquire a high-quality, passive investment with two nationally recognized, investment-grade tenants, long-term leases with structured rent growth, and a location backed by strong demographics and daily traffic volume.

FOR SALE DETAILS

PRICE

$8,697,000 USD

PRICE/SF

$1,537 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Chase Bank | 15-Year NNN Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

079-043.07

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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