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    Hickory Ridge Rd Lebanon, TN 37087

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    For Sale
    $8,697,000

    New construction retail property with long-term leases and high-traffic location.

    Lot size:
    1.32 Acres

    Property Features for Hickory Ridge Rd

    General Information

    Lot size
    1.32 Acres

    Source: Wertz Real Estate Investment Services Agent John R. Wertz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Investment Opportunity

    This is a new construction retail property scheduled for completion in 2025, situated at the signalized intersection of TN-109 and Hickory Ridge Road, benefiting from traffic counts exceeding 40,000 vehicles per day. The property features long-term, 15-year NNN leases with 10% increases every 5 years. The leases are corporately guaranteed by Chase Bank (NYSE: JPM) and Chipotle (NYSE: CMG). The property is an outparcel to a new Publix supermarket and is located in a tax-free state.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Lebanon
    County
    Wilson
    State
    Tennessee
    Longitude
    -86.3704992
    Latitude
    36.2016332

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    FAQs

    What type of property is this?
    Bank - New construction retail property with long-term leases and high-traffic location.
    Where is this bank located?
    The property is located at Hickory Ridge Rd Lebanon, TN.
    What is the asking price?
    The asking price for this property is $8,697,000.
    What are key features of this property?
    This property features: - Corporately Guaranteed by Chase Bank (NYSE: JPM) and Chipotle (NYSE: CMG); - Long-Term 15-Year NNN Leases with 10% Increases Every 5-Years; - Outparcel to New Publix Supermarket
    (760) 453-7866
    Request Owner's contact information
    Hickory Ridge Rd Lebanon, TN 37087
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    Lebanon, TN 37087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hickory Ridge Rd Lebanon, TN 37087
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