Operational Liquor
For Sale
Contact for pricing
127 FRANKLIN RD UNIT 120, Brentwood, TN 37027
Operating liquor store with financial information available upon request.
Property Size2,200 SF
Price / SF$445.41
Days on Market54
Property Features for 127 FRANKLIN RD UNIT 120
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Business for Sale
Lease Type
NNN
Additional Details
Business Included
Yes
Building Details
Year Built
1971
Stories
2
Units
38
Listing Agency:
Weichert Realtors - Joe Orr & Associates
(931) 409-2590
Listed By:
Brian "BB" Brown · License #TN 278045
Source:
Crexi
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 2:20AM
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 Weichert Realtors - Joe Orr & Associates
Investment Insights
Based on property information with market context.
This 2,200-square-foot liquor store is currently operational and offered for sale. The property was built in 1971 and is located at 127 Franklin Road, Unit 120, in Brentwood, Tennessee.
Financial information is available upon request for qualified parties.
Financial information is available upon request for qualified parties.
Key Highlights
- Operational liquor store offered for sale
- 2,200 square feet of property size
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$52.4K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $16.67/SF
Area
Williamson County, TN
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Retail
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 3.74%
Second Best
Specialty Retail
$487.8K
$426.8K – $569.1K
NOI $34,143 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$644.9K
$564.3K – $752.4K
NOI $45,144 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,481
Businesses Nearby
406k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 24%
Groceries 23%
Apparel 6%
Kroger
Groceries
56,688 visits/mo
0.4 miles
The Fresh Market
Groceries
34,669 visits/mo
0.4 miles
REI
Apparel
25,778 visits/mo
0.5 miles
McDonald's
Dining
24,779 visits/mo
0.2 miles
Shell
Shops & Services
23,774 visits/mo
0.1 miles
Demographics for 37027, TN
61,370
Population
23,745
Households
2.6
Avg Household Size
42
Median Age
74%
College-Educated
98%
High-School Grad
57.0 sq mi
ZIP Area
1,077
Density / Sq Mi
$156,002
Median Household Income
$71,225
Median Earnings
$2,141
Median Rent
$844,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Airsystem Sales Inc — 277 Wilson Pike Cir # 110, Brentwood, TN 37027
- Somerfield — 7101 executive center dr, brentwood, tn 37027
- The Fresh Market — 235 Franklin Rd, Brentwood, TN 37027
- Target Grocery — 780 Old Hickory Blvd, Brentwood, TN 37027
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating liquor store with financial information available upon request.
Where is this grocery and convenience store located?
The property is located at 127 FRANKLIN RD UNIT 120 Brentwood, TN.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Operational liquor store offered for sale; 2,200 square feet of property size; Built in 1971
