701 Tn-76White House, TN 37188

Property Details for 701 Tn-76

Year built

2023

Lot size

1.27 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

White House

County

Robertson

State

Tennessee

Latitude

36.4692

Longitude

-86.6746

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