For Sale
$2,705,000

4226 Century Farms TerNashville, TN 37013

High-growth area, strong tenant, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a ground lease interest in a newly constructed (2024), 3,000 square foot Whataburger restaurant located at 4226 Century Farms Terrace in Antioch, Tennessee. The property sits on a 1.37-acre lot within the thriving Century Farms master-planned development, a 300+ acre mixed-use community featuring over 20,000,000 square feet of retail, office, multifamily, and entertainment space. The Whataburger operates under a 14-year absolute NNN lease with zero landlord responsibilities, providing a secure and passive income stream. The lease includes 10% rent increases every five years, offering inflation protection, and three five-year renewal options. The property boasts a strong NOI of $115,000, resulting in a 4.25% cap rate and an asking price of $2,705,000. The strategic location across from Tanger Outlets, a major retail destination attracting over 2.3 million visitors annually, and near numerous other retail, residential, and commercial developments, ensures high visibility and consistent traffic. The property benefits from excellent access to Interstate-24, experiencing daily traffic counts of 168,000 vehicles. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market. The tenant, Whataburger, is the 27th largest restaurant chain in the US by sales. This investment offers a compelling combination of stability, growth potential, and strong cash flow.

Highlights

  • Located in Century Farms, a 300+ acre mixed-use development.
  • NNN ground lease with no landlord responsibilities.
  • New 14-year lease with 10% rent increases every five years and three five-year options.
  • Across from Tanger Outlets, a major shopping center with over 50 national tenants and 2.3 million annual visitors.
  • Adjacent to 500+ existing and 1,000+ planned multifamily units.
  • Tenanted by a top 27 national restaurant chain by sales.

Property Details for 4226 Century Farms Ter

Property type
Retail properties
Square Feet
3,000 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
59,677 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.0354334
Longitude
-86.6512305
4226 Century Farms Ter, Nashville, Tennessee

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4226 Century Farms Ter
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