1002 Highway 76Springfield, TN 37188

  • Retail properties
  • 4,650 SF
For Sale
$11,708,000 View listing

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.

1002 Highway 76, Springfield, Tennessee

Location Insight

City
Springfield
County
Robertson
State
Tennessee
Latitude
36.4767
Longitude
-86.7247

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