1002 Highway 76Springfield, TN 37188
- Retail properties
- 4,650 SF
Property Details for 1002 Highway 76
- Year built
- 2024
- Lot size
- 3.47 AC
- Property size (Sq ft)
- 4,650 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
Exceptional investment opportunity: a brand-new, 4,650 square foot 7-Eleven (Speedway) convenience store and gas station in White House, Tennessee, is available for purchase. This property boasts a 15-year absolute NNN lease commencing September 26, 2024, and expiring September 30, 2039, with built-in rent bumps. The property features a strong 5.15% cap rate and a substantial NOI of $602,914. Situated on a 3.47-acre lot at 1002 Hwy 76 E, White House, TN 37188, this location benefits from high visibility and accessibility on State Route 76, a primary retail thoroughfare, with daily traffic exceeding 16,800 vehicles. Its strategic placement directly off the interchange of State Route 76 and Interstate 65 (64,000+ VPD) ensures significant commuter and long-haul traffic exposure. The property is surrounded by numerous national brand tenants, including Walmart Supercenter, McDonald's, and others, creating a robust retail environment. The area's population growth is substantial, with a 26% increase within five miles since 2010 and a remarkable 48% growth within one mile between 2010 and 2023. This presents a compelling opportunity for passive investors seeking a stable, long-term investment with a credit-rated, corporate-guaranteed tenant. The asking price is $11,708,000. This is a 1031 exchange eligible property. The building was constructed in 2024.
Location Insight
- City
- Springfield
- County
- Robertson
- State
- Tennessee
- Latitude
- 36.4767
- Longitude
- -86.7247
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].