For Sale
$1,854,000

434 Main St Goodlettsville, TN 37072

New Construction, Corporate Guaranteed Lease

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, 4,000-square-foot Sherwin-Williams storefront in the high-growth Nashville MSA. Located at 434 N Main St, Goodlettsville, TN 37072, this single-tenant, Class A property boasts a 10-year net lease (commencing February 1, 2024, and expiring January 31, 2034) with a corporate guarantee from Sherwin-Williams, a Fortune 500 company. The property features a 6.15% cap rate and a strong net operating income (NOI) of $114,000. Situated on a 0.845-acre lot, the building benefits from high visibility on N. Main St (21,000 vehicles per day) and proximity to I-65 (99,000 vehicles per day). The lease includes five 10% rent bumps, ensuring consistent income growth. The property is part of a thriving retail corridor with over 988,000 square feet of retail space within a one-mile radius and a low vacancy rate of approximately 0.4%. This is a fee-simple ownership opportunity in a rapidly expanding market, with Nashville ranked #1 in PWC's 2024 US Real Estate Markets to Watch. The strong local market, fueled by significant residential construction and population growth (approximately 98 new residents daily), creates a robust demand for retail space. This 2024-built, single-story building represents a secure, long-term investment with a proven tenant and a prime location.

Highlights

  • Corporate guaranteed 10-year net lease with Sherwin-Williams, a Fortune 500 company (NYSE: SHW), commencing February 1, 2024.
  • 4,000 SF Class A, single-tenant storefront in a high-growth Nashville MSA retail corridor with 0.4% vacancy.
  • High visibility location on N. Main St (21,000 VPD), 0.75 miles from I-65 (99,000 VPD).
  • Strong NOI of $114,000 and a 6.15% cap rate; lease includes five 10% rent bumps.
  • New construction (2024) on a 0.845-acre lot, situated within a 1-mile radius of over 988,000 SF of retail space.

Property Details for 434 Main St

Property type
Retail properties, Retail space
Square Feet
4,000 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
36,808 SF
Units
1

Location Insight

City
Goodlettsville
County
Davidson
State
Tennessee
Latitude
36.3275026
Longitude
-86.7150875

FAQs

What type of property is this?
Retail property - New Construction, Corporate Guaranteed Lease
Where is the retail property located?
The property is located at 434 Main St Goodlettsville, TN.
What is the asking price?
The asking price for this property is $1,854,000.
What are key features of this property?
This property features: Corporate guaranteed 10-year net lease with Sherwin-Williams, a Fortune 500 company (NYSE: SHW), commencing February 1, 2024.; 4,000 SF Class A, single-tenant storefront in a high-growth Nashville MSA retail corridor with 0.4% vacancy.; High visibility location on N. Main St (21,000 VPD), 0.75 miles from I-65 (99,000 VPD).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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434 Main St
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