For Sale
$5,172,000

1929 Almaville RdSmyrna, TN 37167

10,112 SF, 100% occupied, 6.5% Cap Rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment property, located at 1929 Almaville Rd in Smyrna, Tennessee, offers a compelling opportunity for discerning investors. The 10,112-square-foot building boasts a 100% occupancy rate, anchored by two prominent national tenants: Advance Auto Parts and Fast Pace Health. Both tenants are operating under 15-year corporate leases featuring built-in rent increases and options, providing long-term stability and predictable cash flow. The property's strong financial performance is reflected in its impressive 6.50% capitalization rate and a net operating income (NOI) of $336,203. Built in 2024, this brand-new, high-quality construction minimizes landlord responsibilities. The property benefits from a highly visible location along a major artery with 21,000 cars per day, and proximity to I-24 (96,000 cars/day). Situated in a rapidly growing suburb of Nashville, within Rutherford County—one of the fastest-growing counties in the U.S.—the property enjoys exceptional demographics, with average household incomes exceeding $97,000 within a one-mile radius and $87,000 within three miles. The area is densely populated, serving over 81,000 residents and is conveniently located near major employers, including the Nissan Smyrna Assembly Plant (8,000 employees) and TriStar StoneCrest Medical Center (600 employees), totaling over 20,000 employees in the immediate trade area. The property is also surrounded by numerous established businesses and amenities, including a Publix shopping center, Starbucks, McDonald's, and more, ensuring high foot traffic and strong consumer demand. The asking price is $5,172,000, representing a price per square foot of $511.47. This is a rare opportunity to acquire a high-performing, well-located retail investment property in one of the nation's fastest-growing markets.

Highlights

  • $5,172,000 asking price for a 10,112 square foot retail property in Smyrna, TN.
  • 100% occupancy with two tenants: Advance Auto Parts and Fast Pace Health.
  • 15-year corporate leases with rent increases and options.
  • Brand new construction with minimal landlord responsibilities.
  • High visibility location on a major artery with 21,000 cars per day, near I-24 (96,000 cars/day).
  • Strong demographics: average household incomes exceeding $97,000 within one mile and $87,000 within three miles.

Property Details for 1929 Almaville Rd

Property type
Lifestyle centers, Power centers
Square Feet
10,112 SF
Year Built
2024

Location Insight

City
Smyrna
County
Rutherford
State
Tennessee
Latitude
35.9298208
Longitude
-86.5338268
1929 Almaville Rd, Smyrna, Tennessee

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1929 Almaville Rd
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