3900 Dickerson PikeNashville, TN 37207

Property Details for 3900 Dickerson Pike

Year built

2000

Lot size

0.78 AC

Property size (Sq ft)

2,932 SF

Zone code

CS

Property type

Retail properties

Property subtype

Drive through restaurants

APN

041-08-0-034-00

APU

4108003400

Description

This exceptional investment opportunity presents a 3,539 square foot Jack in the Box restaurant in Nashville, TN, operating under an absolute NNN lease with 4.5 years remaining on the primary term, followed by four 5-year option periods. The property boasts a 6.00% cap rate and a strong NOI of $99,000, reflecting a price per square foot of $466.23. The lease commenced January 8, 2019, and expires January 7, 2029, featuring CPIW rent increases (up to 10%) every five years. Situated on a 0.78-acre lot at the hard corner of a signalized intersection of Old Hickory Boulevard and Dickerson Pike, this location benefits from over 35,000 vehicles per day. The surrounding area demonstrates robust demographics, with over 110,420 residents within a 5-mile radius and an average household income exceeding $84,624. Nashville's thriving job market, adding over 26,000 new jobs in 2023, further enhances the property's investment potential. The tenant, Jack in the Box Inc. (NASDAQ: JACK), is a publicly traded company with over 2,200 locations and nearly $6 billion in annual systemwide sales, providing stability and security to this investment. This is a tax-free income state. The property's proximity to Hunters Lane High School, Davidson Academy, and Bellshire Elementary Design Center adds to its appeal. This presents a rare chance to acquire a high-performing, single-tenant net lease asset in a prime Nashville location.

• CAP approach

  CAP return

  Valuation

  6%

  $744,568

  6.5%

  $687,294

  7%

  $638,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $636,014

  Geo Method

  $636,014

• Alternative Use

  Use

  Valuation

  Residential

  $579,758

  Hospitality

  $531,055

  Educational

  $441,832

  Medical

  $457,027

  Retail

  $687,294

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.2697

Longitude

-86.756

CBSA code

34980

CBSA name

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

Property Tax & Assessments

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