Single-Tenant NNN
For Sale
Contact for pricing
Pending
2000 Gallatin Pike N, Madison, TN 37115
Absolute NNN ground lease with renewal options and scheduled rent escalations supports long-term occupancy planning.
Property Size4,631 SF
Lot Size1.10 Acres
Days on Market101
Property Features for 2000 Gallatin Pike N
General Information
Standard status
Pending
Size
4,631 SF
Lot size
1.10 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$110,000
Building Details
Year Built
2002
Buildings
1
Tenancy
Single
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Jul 7
Changed: Sep 29
Last Checked: Oct 14 at 11:41PM
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 JLL - Dallas | Cedar Springs, Texas
Investment Insights
Based on property information with market context.
The property is a 4,631-square-foot single-tenant restaurant building completed in 2002 and occupied by Chick-fil-A. It sits on a 1.1-acre parcel at 2000 Gallatin Pike N in Madison, Tennessee.
The lease is structured as an absolute NNN ground lease with approximately 5.9 years remaining in the primary term. Contractual economics include 10.0% rent escalations every 5 years, six five-year renewal options, and a scheduled 10% increase in April 2027. The location is within the Nashville MSA, and the restaurant has operated at the property for 24 years.
The lease is structured as an absolute NNN ground lease with approximately 5.9 years remaining in the primary term. Contractual economics include 10.0% rent escalations every 5 years, six five-year renewal options, and a scheduled 10% increase in April 2027. The location is within the Nashville MSA, and the restaurant has operated at the property for 24 years.
Key Highlights
- Absolute NNN ground lease with approximately ±5.9 years remaining in the primary term
- 10.0% rent escalations every 5 years
- Six five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,241
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,984,820
$2.0M
Cap Rate 7%
$1,417,729
$1.4M
Cap Rate 9%
$1,102,678
$1.1M
Market Conditions
NOI Build-Up for 4,631 SF
Gross rent
$137.3K $29.64/SF
− Vacancy
−$4.9K −$1.07/SF
EGI
$132.3K $28.57/SF
− OpEx
−$33.1K −$7.14/SF
NOI
$99.2K $21.43/SF
Area
Davidson County, TN
Vacancy
3.60%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,984,820
Cap Rate 7%
$1,417,729
Cap Rate 9%
$1,102,678
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.65M
NOI $99,241 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.61M
$4.91M – $6.54M
NOI $392,459 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
553k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 22%
Apparel 17%
Shops & Services 17%
Target
Superstores
81,526 visits/mo
0.2 miles
Chick-fil-A
Dining
49,470 visits/mo
0.1 miles
BJ's Wholesale Club
Superstores
37,651 visits/mo
0.3 miles
Dillard's
Apparel
30,535 visits/mo
0.1 miles
McDonald's
Dining
24,694 visits/mo
0.4 miles
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
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 - Absolute NNN ground lease with renewal options and scheduled rent escalations supports long-term occupancy planning.
Where is this nnn property located?
The property is located at 2000 Gallatin Pike N Madison, TN.
What is the asking price?
The asking price for this property is $2,470,000.
What are key features of this property?
This property features: Absolute NNN ground lease with approximately ±5.9 years remaining in the primary term; 10.0% rent escalations every 5 years; Six five‑year renewal options
