For Sale
$3,488,973

1031 Nasdaq St Spring Hill, TN 37174

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 4,180 square foot medical office building located at 1031 Nasdaq Street in Spring Hill, Tennessee, within the Nashville MSA. The property is currently 100% occupied by Joybridge Kids, an established provider of ABA therapy for children with autism, under a 15-year absolute triple-net (NNN) lease with a corporate guarantee. The lease features built-in rent increases of 1.25% annually commencing in year three, and includes three five-year renewal options, ensuring long-term, stable income. The asking price is $3,488,973, resulting in a price per square foot of $834.68 and a current net operating income (NOI) of $200,616. The single-story building, constructed in 2024, sits on a 1.18-acre lot. This prime location benefits from high visibility on Nasdaq Street, near Columbia Pike, with over 22,000 vehicles passing daily. The surrounding area boasts strong demographics, with over 50,000 residents and an average household income exceeding $100,000 within a three-mile radius. This property offers a compelling combination of a secure, long-term lease, a creditworthy tenant, and a strategic location within a rapidly growing market, making it an ideal addition to any investment portfolio. The property offers a hands-off investment opportunity with no landlord responsibilities.

Highlights

  • 15-Year Absolute NNN Lease, zero landlord responsibilities.
  • Corporate guarantee from JoyBridge Kids, LLC.
  • Dense population (50,000+ residents) with high average household income ($100,209) within 3 miles.
  • High-traffic location on Nasdaq Street near Columbia Pike (22,000+ vehicles daily).
  • Located in the Nashville MSA, Tennessee's largest and fastest-growing metro area.

Property Details for 1031 Nasdaq St

Property type
Office properties, Medical offices
Square Feet
4,180 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Spring Hill
County
Williamson
State
Tennessee
Latitude
35.773101
Longitude
-86.9157896

FAQs

What type of property is this?
Office property - High-yield NNN lease, strong tenant.
Where is the office property located?
The property is located at 1031 Nasdaq St Spring Hill, TN.
What is the asking price?
The asking price for this property is $3,488,973.
What are key features of this property?
This property features: 15-Year Absolute NNN Lease, zero landlord responsibilities.; Corporate guarantee from JoyBridge Kids, LLC.; Dense population (50,000+ residents) with high average household income ($100,209) within 3 miles.
How can I contact the broker?
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1031 Nasdaq St
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