For Sale
$2,472,639

1905 Gallatin Pike Nashville, TN 37115

Two-tenant shopping center, strong NOI, 6.25% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 3,983 square foot, two-tenant shopping center in Nashville, Tennessee, boasting a 6.25% cap rate and a strong net operating income (NOI) of $154,540. Located at 1905 Gallatin Pike N, in Davidson County, this fee-simple property sits on a 0.7-acre lot and features a Starbucks and an Ascension Saint Thomas Urgent Care as tenants. The property, built in 1995, benefits from a 100% occupancy rate, with Starbucks having eight years remaining on their lease and Ascension Saint Thomas Urgent Care having over four years remaining. Both leases include rent bumps and are structured as NNN (triple net) leases, minimizing management responsibilities for the investor. The tenants are backed by corporate guarantees, providing added security. The property enjoys a prime location in a high-traffic retail corridor with an average annual daily traffic count of 35,496 vehicles. Surrounding national and regional retailers include Walmart, Home Depot, Lowe's, and Hobby Lobby, further enhancing the property's visibility and appeal. This is an ideal investment for those seeking a low-management, high-return retail property in a thriving market. The property offers a compelling combination of strong tenants, a desirable location, and a favorable financial profile.

Highlights

  • 3,983 SF two-tenant retail building in Nashville, TN with Starbucks and Ascension Saint Thomas Urgent Care.
  • High-traffic location with 35,496 AADT.
  • Excellent location near Walmart, Home Depot, Lowe's, and Hobby Lobby.
  • Starbucks has over 22 years of operating history at this location.
  • Ascension Saint Thomas Urgent Care is a major Middle Tennessee operator.

Property Details for 1905 Gallatin Pike

Property type
Lifestyle centers, Power centers
Square Feet
3,983 SF
Year Built
1995
Buildings
1
Lot Size (sq. ft)
30,492 SF
Units
2

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.299896416329
Longitude
-86.695905778106

FAQs

What type of property is this?
Lifestyle center - Two-tenant shopping center, strong NOI, 6.25% cap rate.
Where is the lifestyle center located?
The property is located at 1905 Gallatin Pike Nashville, TN.
What is the asking price?
The asking price for this property is $2,472,639.
What are key features of this property?
This property features: 3,983 SF two-tenant retail building in Nashville, TN with Starbucks and Ascension Saint Thomas Urgent Care.; High-traffic location with 35,496 AADT.; Excellent location near Walmart, Home Depot, Lowe's, and Hobby Lobby.
How can I contact the broker?
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1905 Gallatin Pike
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