For Sale
$2,380,000

2381 Elm Hill Pike Nashville, TN 37214

High-Yield NNN Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 950-square-foot Dutch Bros. Coffee location in Nashville, Tennessee. The property, built in 2024, sits on a 1.97-acre lot and boasts a new 15-year net lease with a corporate guarantee. The lease includes three 5-year renewal options, each with a 10% rent increase, ensuring consistent income growth and inflation protection. The property features a drive-thru, 16 parking spaces, and enjoys excellent visibility at a signalized intersection on Elm Hill Pike. This high-traffic area benefits from proximity to Nashville International Airport and a strong concentration of national retailers, including Publix, AutoZone, Walgreens, Target, Kroger, and Harbor Freight Tools. The location is also supported by a dense residential population, with over 146,300 residents and 121,200 daytime employees within a 5-mile radius, boasting an average household income of $87,283. The property's strong tenant, favorable lease terms, and prime location make it an ideal, low-management investment with a 5.00% cap rate and a current NOI of $119,000. The asking price is $2,380,000, representing a price per square foot of $2,505.26 and a land value of $125.26 per square foot. The property is zoned for commercial limited use and has a parcel number of 095-15-0-007-00. This is a rare opportunity to acquire a high-performing, passively managed investment in a thriving Nashville market. The property offers significant upside potential due to the strong tenant, long-term lease, and strategic location.

Highlights

  • New 15-year net lease with Dutch Bros Coffee, including 10% rent increases every five years and a corporate guarantee.
  • NNN lease with fee simple ownership, minimizing landlord responsibilities.
  • Excellent retail location near Nashville International Airport, with strong co-tenancy including Publix, AutoZone, Walgreens, Target, Kroger, and Harbor Freight.
  • High-visibility, drive-thru Dutch Bros Coffee located on a signalized corner, built in 2024 with convenient access to major roadways.
  • Dense residential population within a 5-mile radius, encompassing 146,300 residents, 121,200 daytime employees, and an average household income of $87,283.

Property Details for 2381 Elm Hill Pike

Property type
Retail properties, Restaurants
Square Feet
950 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
85,813 SF
Units
1

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.152716
Longitude
-86.684476

FAQs

What type of property is this?
Retail property - High-Yield NNN Lease, Prime Location
Where is the retail property located?
The property is located at 2381 Elm Hill Pike Nashville, TN.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: New 15-year net lease with Dutch Bros Coffee, including 10% rent increases every five years and a corporate guarantee.; NNN lease with fee simple ownership, minimizing landlord responsibilities.; Excellent retail location near Nashville International Airport, with strong co-tenancy including Publix, AutoZone, Walgreens, Target, Kroger, and Harbor Freight.
How can I contact the broker?
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2381 Elm Hill Pike
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