434 Main StGoodlettsville, TN 37072

Property Details for 434 Main St

Year built

2024

Lot size

0.85 AC

Property size (Sq ft)

4,000 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 4,000-square-foot Sherwin-Williams storefront in the high-growth Nashville MSA. Located at 434 N Main St, Goodlettsville, TN 37072, this single-tenant, Class A property boasts a 10-year net lease (commencing February 1, 2024, and expiring January 31, 2034) with a corporate guarantee from Sherwin-Williams, a Fortune 500 company. The property features a 6.15% cap rate and a strong net operating income (NOI) of $114,000. Situated on a 0.845-acre lot, the building benefits from high visibility on N. Main St (21,000 vehicles per day) and proximity to I-65 (99,000 vehicles per day). The lease includes five 10% rent bumps, ensuring consistent income growth. The property is part of a thriving retail corridor with over 988,000 square feet of retail space within a one-mile radius and a low vacancy rate of approximately 0.4%. This is a fee-simple ownership opportunity in a rapidly expanding market, with Nashville ranked #1 in PWC's 2024 US Real Estate Markets to Watch. The strong local market, fueled by significant residential construction and population growth (approximately 98 new residents daily), creates a robust demand for retail space. This 2024-built, single-story building represents a secure, long-term investment with a proven tenant and a prime location.

Location Insight

City

Goodlettsville

County

Davidson

State

Tennessee

Latitude

36.3275

Longitude

-86.7151

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