26383 Main StArdmore, TN 38449

Property Details for 26383 Main St

Year built

2005

Lot size

0.85 AC

Property size (Sq ft)

3,450 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

028181E A 00500

APU

028181EA00500

Description

This exceptional investment opportunity presents a 3,450 square foot Burger King located at 26383 Main St, Ardmore, Tennessee, 38449. The property sits on a 0.9-acre lot and boasts a strong 14-year remaining lease term (expiring 10/31/2038) with a corporate guarantee. Built in 2005 and renovated in 2016, this single-tenant, triple-net (NNN) leased property offers zero landlord responsibilities. The current annual net operating income (NOI) is $99,402, representing a 6.00% cap rate on the $1,656,708 asking price ($480.21/sq ft). The lease includes attractive 5% rental increases every five years throughout the base term and any renewal options. This is a compelling investment opportunity due to the strong tenant, long lease term, and built-in rent escalations. The property's location in Ardmore, Giles County, Tennessee provides excellent visibility and access. This is a turnkey investment with minimal management requirements. The lease commenced on October 30, 2018.

• CAP approach

  CAP return

  Valuation

  6%

  $1,072,644

  6.5%

  $990,133

  7%

  $919,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,416,166

  Geo Method

  $1,695,852

• Alternative Use

  Use

  Valuation

  Residential

  $835,214

  Hospitality

  $765,052

  Educational

  $636,514

  Medical

  $658,405

  Retail

  $990,133

Location Insight

City

Ardmore

County

Giles

State

Tennessee

Latitude

34.9931

Longitude

-86.8487

Property Tax & Assessments

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