U.S. Highway 31 & Honey Farm Way way - Fast Food FOR SALE


Columbia, TN 38401
$2,584,000 USD
914-498-2225
U.S. Highway 31 & Honey Farm Way way, Columbia, TN for Sale
$2,584,000 USD
Fast Food - FOR SALE
1/5
null | 3.8% Cap Rate

U.S. Highway 31 & Honey Farm Way way
Columbia, TN 38401


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
  • Absolute NNN | Leased Fee Ownership | Ground Lease | Zero Landlord Responsibilities
  • Located Along U.S. Hwy 31 (46,600 VPD) | Lennar Future Development | Citizen House Spring Hill Apartments (264 units)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant recently signed a brand new 20-year lease with 8 (5-year) options to extend, demonstrating their ccommitment to the site • The lease features 10% rental increases throughout the initial term and options periods, growing NOI and hedging against inflation • Newly constructed building featuring a state-of-the-art design with high-quality materials

FOR SALE DETAILS

PRICE

$2,584,000 USD

PRICE/SF

$574 USD /SF

CAP RATE

3.8%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McDonald's - Columbia TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

GC

APN/PARCEL ID

051-058.00,051-058.03

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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