1929 Almaville RdSmyrna, TN 37167

Property Details for 1929 Almaville Rd

Year built

1984

Lot size

0.47 AC

Property size (Sq ft)

2,045 SF

Property type

Land

Property subtype

Commercial land

APN

055C-A-008.00-000

APU

055CA00800000

Description

This exceptional retail investment property, located at 1929 Almaville Rd in Smyrna, Tennessee, offers a compelling opportunity for discerning investors. The 10,112-square-foot building boasts a 100% occupancy rate, anchored by two prominent national tenants: Advance Auto Parts and Fast Pace Health. Both tenants are operating under 15-year corporate leases featuring built-in rent increases and options, providing long-term stability and predictable cash flow. The property's strong financial performance is reflected in its impressive 6.50% capitalization rate and a net operating income (NOI) of $336,203. Built in 2024, this brand-new, high-quality construction minimizes landlord responsibilities. The property benefits from a highly visible location along a major artery with 21,000 cars per day, and proximity to I-24 (96,000 cars/day). Situated in a rapidly growing suburb of Nashville, within Rutherford County—one of the fastest-growing counties in the U.S.—the property enjoys exceptional demographics, with average household incomes exceeding $97,000 within a one-mile radius and $87,000 within three miles. The area is densely populated, serving over 81,000 residents and is conveniently located near major employers, including the Nissan Smyrna Assembly Plant (8,000 employees) and TriStar StoneCrest Medical Center (600 employees), totaling over 20,000 employees in the immediate trade area. The property is also surrounded by numerous established businesses and amenities, including a Publix shopping center, Starbucks, McDonald's, and more, ensuring high foot traffic and strong consumer demand. The asking price is $5,172,000, representing a price per square foot of $511.47. This is a rare opportunity to acquire a high-performing, well-located retail investment property in one of the nation's fastest-growing markets.

• Alternative Use

  Use

  Valuation

  Residential

  $404,367

  Hospitality

  $370,398

  Educational

  $308,167

  Medical

  $318,765

  Retail

  $479,371

Location Insight

City

Smyrna

County

Rutherford

State

Tennessee

Latitude

35.9297

Longitude

-86.5336

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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