For Sale
$1,854,000

434 Main StGoodlettsville, TN 37072

New Construction, Corporate Guaranteed Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
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
434 Main St, Goodlettsville, Tennessee

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434 Main St
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