Circle K NNN
For Sale
Contact for pricing
1187 W Main St, Hendersonville, TN 37075
Corporate-backed convenience store occupied under a long-term ground lease with NNN structure.
Property Size5,154 SF
Price / SF$606.33
Days on Market188
Property Features for 1187 W Main St
General Information
Standard status
Active
Size
5,154 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Colliers - Nashville, Tennessee
Listed By:
Jim Morris · License #TN 270138
(615) 850-2764
Source:
Crexi
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 12 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Nashville, Tennessee
Investment Insights
Based on property information with market context.
The property is a Circle K convenience store at 1187 W Main St in Hendersonville, Tennessee. The 5,154-square-foot site operates under a NNN ground lease and has a 45-year operating history. Corporate support is provided by Alimentation Couche-Tard, Inc., which carries a BBB+ rating from S&P.
The property is positioned near the intersection of Vietnam Veterans Blvd and Center Point Road, an area identified with more than 80,000 vehicles per day. Hendersonville is part of the Nashville submarket and is described in the source information as having high population growth and upper household income levels.
The property is positioned near the intersection of Vietnam Veterans Blvd and Center Point Road, an area identified with more than 80,000 vehicles per day. Hendersonville is part of the Nashville submarket and is described in the source information as having high population growth and upper household income levels.
Key Highlights
- 5,154‑square‑foot Circle K convenience store
- NNN ground lease structure
- 45‑year operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,284
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,525,680
$2.5M
Cap Rate 7%
$1,804,057
$1.8M
Cap Rate 9%
$1,403,156
$1.4M
Market Conditions
NOI Build-Up for 5,154 SF
Gross rent
$175.0K $33.96/SF
− Vacancy
−$6.7K −$1.29/SF
EGI
$168.4K $32.67/SF
− OpEx
−$42.1K −$8.17/SF
NOI
$126.3K $24.50/SF
Area
Sumner County, TN
Vacancy
3.80%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,525,680
Cap Rate 7%
$1,804,057
Cap Rate 9%
$1,403,156
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,284 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,620 @ 7.0% cap · market cap 3.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 51%
Shops & Services 41%
Dining 8%
Tractor Supply Co.
Home Improvements & Furnishings
24,129 visits/mo
0.1 miles
Dodge's Southern Style
Shops & Services
11,454 visits/mo
0.2 miles
Circle K
Shops & Services
7,702 visits/mo
0.1 miles
SUBWAY
Dining
3,815 visits/mo
0.1 miles
Demographics for 37075, TN
71,023
Population
29,600
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,204
Density / Sq Mi
$97,597
Median Household Income
$50,323
Median Earnings
$1,552
Median Rent
$403,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed convenience store occupied under a long-term ground lease with NNN structure.
Where is this nnn property located?
The property is located at 1187 W Main St Hendersonville, TN.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: 5,154‑square‑foot Circle K convenience store; NNN ground lease structure; 45‑year operating history
