For Sale
$2,842,000

701 Tn-76White House, TN 37188

High-yield, 15-year NNN lease. Prime TN location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,500 square foot Whataburger restaurant located in White House, Tennessee, within the Nashville MSA. Situated on a 1.27-acre lot at 701 TN-76, this Class A property boasts a strong location on a lighted intersection of Hwy 76 (18,776 AADT) and N. Sage Rd, with convenient access to I-65 (64,728 AADT). The property benefits from an absolute triple-net (NNN) ground lease with a corporate guarantee from a financially robust tenant, ensuring consistent cash flow. The 15-year lease, commencing October 21, 2024, and expiring October 31, 2039, includes built-in rent bumps of 10% every five years and three 5-year renewal options. The property's strong fundamentals are further enhanced by a 4.75% cap rate and a current NOI of $135,000. The building, constructed in 2023, has been recently retrofitted to meet the tenant's specific needs. The affluent trade area boasts average household incomes exceeding $94,000 within a one-mile radius, and over 690,000 square feet of retail space is located within the same area. This investment offers a compelling combination of strong tenant credit, a long-term lease, and a desirable location in a rapidly growing market.

Highlights

  • 10% rent increases every 5 years, including option periods.
  • Absolute NNN ground lease with no early termination clause.
  • High-traffic retail location at the lighted intersection of Hwy 76 (18,776 AADT) & N. Sage Rd, 0.32 miles from I-65 (64,728 AADT). Over 690,000 SF of retail within a 1-mile radius.
  • Affluent trade area with average household incomes exceeding $94,000 within one mile.
  • Fast-growing national tenant with over 930 locations, 50,000 employees, and $3 billion in annual sales.
  • Recently retrofitted building to meet tenant's specific needs.

Property Details for 701 Tn-76

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
55,321 SF

Location Insight

City
White House
County
Robertson
State
Tennessee
Latitude
36.4691652
Longitude
-86.6746417
701 Tn-76, White House, Tennessee

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701 Tn-76
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