810 Seven Oaks BlvdSmyrna, TN 37167

Property Details for 810 Seven Oaks Blvd

Lot size

3.60 AC

Property type

Land

Property subtype

Commercial land

APN

050-007.03-000

APU

5000703000

Description

This exceptional investment opportunity presents the fee simple ownership of a brand-new, 1,860 square foot Strickland Brothers auto shop located at 810 Seven Oaks Blvd, Smyrna, TN 37167. The property sits on a 0.67-acre lot with 10 parking spaces and benefits from a 15.3-year absolute NNN lease (commencing August 2, 2023, and expiring November 30, 2038), offering a remaining term of approximately 14 years. The lease includes four 5-year renewal options and features a 10% rent increase every five years, ensuring a steadily growing income stream. The property boasts a strong NOI of $127,342 and a 6.50% cap rate, making it an attractive investment. Built in 2023, this single-tenant property is situated in a high-traffic retail corridor near Interstate 24 and Highway 102, enjoying excellent visibility and accessibility. The location benefits from strong demographics, with over 95,000 people and an average household income of $97,000 within a 5-mile radius. Nearby national retailers include Publix, Starbucks, Bojangles, RaceTrac, and Circle K, further enhancing the property's desirability. The Strickland Brothers brand is rapidly expanding, with over 227 locations across 27 states, providing long-term stability and growth potential. The property's prime location, coupled with the strength of the tenant and lease terms, makes this a compelling investment opportunity. The property is zoned commercial and has an APN of 050L-A-008.00-000. The asking price is $1,959,000.

• Alternative Use

  Use

  Valuation

  Residential

  $31,007,962

  Hospitality

  $28,403,126

  Educational

  $23,631,068

  Medical

  $24,443,776

  Retail

  $36,759,436

Location Insight

City

Smyrna

County

Rutherford

State

Tennessee

Latitude

35.9392

Longitude

-86.5305

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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