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Building Details

Year Built 1971

Stories 2

Units 38

Listing Agency: Weichert Realtors - Joe Orr & Associates

Listed By: Brian "BB" Brown · License #TN 278045 Show Phone

Source: Crexi

Added: Jul 8 Changed: Oct 3 Last Checked: Oct 14 at 9:03PM

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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.

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 / Yr

$36,674

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$733,480 $733.5K

Cap Rate 7%

$523,914 $523.9K

Cap Rate 9%

$407,489 $407.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

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 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 (±1% cap)

NOI $36,674 @ 7.0% cap · market cap 6.79%

Second Best

Specialty Retail

$487.8K

$426.8K – $569.1K (±1% cap)

NOI $34,143 @ 7.0% cap · market cap 6.32%

Theoretical Best

Office A

$644.9K

$564.3K – $752.4K (±1% cap)

NOI $45,144 @ 7.0% cap · market cap 8.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Baskin-Robbins Grocery & Convenience Store 8mm & Super 8 ... Film Production The Honey Baked Ham ... Restaurant Brinkmann's Wine and Spirits (Bike/Boat/Book/etc) Store String 'N Swing Tennis Store

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

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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 $539,900.

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