Multi-Tenant Retail Storefront
For Sale
$3,950,000
Pending
240 E Cedar St, Goodlettsville, TN 37072
For-sale storefront retail building hosting Boot Barn, Roman's Pharmacy, and Splish Splash Laundromat.
Property Size19,960 SF
Days on Market194
Property Features for 240 E Cedar St
General Information
Standard status
Pending
Size
19,960 SF
Building Details
Year Built
1984
Listing Agency:
Parks Compass
Listed By:
Hannah Dills 6155196045
(615) 370-8669
Source:
Sumnercountyhomelistings
Added: Apr 11
Changed: Oct 1
Last Checked: Oct 20 at 9:35PM
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 Parks Compass
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Investment Insights
Based on property information with market context.
This for-sale retail storefront building is occupied by multiple tenants, including Boot Barn, Roman's Pharmacy, and Splish Splash Laundromat. The property is configured as a multi-tenant commercial building, supporting distinct retail and service uses within the same structure.
The property is located in Davidson County. Access is provided via I-65 to the Long Hollow Pike area, followed by local road directions to E Cedar Street for building access.
As presented, the building’s commercial mix centers on branded retail and pharmacy service, along with a laundromat use, reflecting a diversified storefront arrangement under one ownership.
The property is located in Davidson County. Access is provided via I-65 to the Long Hollow Pike area, followed by local road directions to E Cedar Street for building access.
As presented, the building’s commercial mix centers on branded retail and pharmacy service, along with a laundromat use, reflecting a diversified storefront arrangement under one ownership.
Key Highlights
- For‑sale storefront retail building hosting Boot Barn, Roman's Pharmacy, and Splish Splash Laundromat
- Building year built: 1984
- No heating or cooling listed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,921
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,778,420
$4.8M
Cap Rate 7%
$3,413,157
$3.4M
Cap Rate 9%
$2,654,678
$2.7M
Market Conditions
NOI Build-Up for 19,960 SF
Gross rent
$359.3K $18.00/SF
− Vacancy
−$18.0K −$0.90/SF
EGI
$341.3K $17.10/SF
− OpEx
−$102.4K −$5.13/SF
NOI
$238.9K $11.97/SF
Area
Davidson County, TN
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,778,420
Cap Rate 7%
$3,413,157
Cap Rate 9%
$2,654,678
Alternative Uses
Best Use
Specialty Retail
$6.11M
$5.35M – $7.13M
NOI $427,737 @ 7.0% cap · market cap 10.83%
Second Best
Retail
$3.41M
$2.99M – $3.98M
NOI $238,921 @ 7.0% cap · market cap 6.05%
Theoretical Best
Warehouse
$24.16M
$21.14M – $28.19M
NOI $1,691,532 @ 7.0% cap · market cap 42.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
348k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 23%
Shops & Services 22%
Hotels & Casinos 6%
Kroger
Groceries
53,217 visits/mo
0.3 miles
Publix
Groceries
25,786 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
25,346 visits/mo
0.1 miles
Starbucks
Dining
21,472 visits/mo
0.3 miles
Wendy's
Dining
20,217 visits/mo
0.1 miles
Demographics for 37072, TN
33,065
Population
14,377
Households
2.3
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
77.5 sq mi
ZIP Area
427
Density / Sq Mi
$75,514
Median Household Income
$44,313
Median Earnings
$1,359
Median Rent
$340,900
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
Frequently Asked Questions
What type of property is this?
Retail space - For-sale storefront retail building hosting Boot Barn, Roman's Pharmacy, and Splish Splash Laundromat.
Where is this retail space located?
The property is located at 240 E Cedar St Goodlettsville, TN.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: For‑sale storefront retail building hosting Boot Barn, Roman's Pharmacy, and Splish Splash Laundromat; Building year built: 1984; No heating or cooling listed
