Restaurant Building with
For Sale
Contact for pricing
3451 Lebanon Pike, Nashville, TN 37076
Standalone restaurant property for sale with 6,010 SF and nearly an acre of site along Lebanon Pike.
Property Size6,010 SF
Lot Size0.95 Acres
Price / SF$407.65
Days on Market101
Property Features for 3451 Lebanon Pike
General Information
Standard status
Active
Size
6,010 SF
Lot size
0.95 Acres
Property subtype
Retail
Listing Agency:
Market Retail Partners
Listed By:
Kevin Fulton · License #TN 313966
Source:
Crexi
Added: May 29
Changed: Aug 16
Last Checked: Sep 3 at 3:13AM
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 Market Retail Partners
Investment Insights
Based on property information with market context.
This for-sale restaurant property offers a standalone building totaling 6,010 SF, situated on 0.95 acres. The asset is presented as a dedicated restaurant opportunity, suitable for operators looking for an existing restaurant footprint rather than starting from scratch.
Located at 3451 Lebanon Pike in Nashville, the property benefits from direct frontage on Lebanon Pike, providing a convenient point of access for guests and deliveries. The size of the site supports the overall restaurant use and gives an operator flexibility for on-site planning within the existing parcel.
For buyers evaluating a restaurant concept, this combination of building size and street-facing presence can simplify early site planning. It is also a practical fit for restaurateurs seeking a single-site option with clear frontage and an established restaurant building configuration. For Sale offering is available at $2,650,000.
Located at 3451 Lebanon Pike in Nashville, the property benefits from direct frontage on Lebanon Pike, providing a convenient point of access for guests and deliveries. The size of the site supports the overall restaurant use and gives an operator flexibility for on-site planning within the existing parcel.
For buyers evaluating a restaurant concept, this combination of building size and street-facing presence can simplify early site planning. It is also a practical fit for restaurateurs seeking a single-site option with clear frontage and an established restaurant building configuration. For Sale offering is available at $2,650,000.
Key Highlights
- Standalone restaurant property for sale
- 6,010 SF building size
- 0.95‑acre site
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
$85,976
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
3.51%
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%
$1,719,520
$1.7M
Cap Rate 7%
$1,228,229
$1.2M
Cap Rate 9%
$955,289
$955.3K
Market Conditions
NOI Build-Up for 6,010 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
$122.6K $20.40/SF
− Vacancy
−$8.0K −$1.33/SF
EGI
$114.6K $19.07/SF
− OpEx
−$28.7K −$4.77/SF
NOI
$86.0K $14.31/SF
Area
Nashville, TN
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,719,520
Cap Rate 7%
$1,228,229
Cap Rate 9%
$955,289
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,976 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,098 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
229k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Superstores 33%
Shops & Services 16%
Dining 9%
Target
Superstores
75,626 visits/mo
0.1 miles
Kohl's
Apparel
40,539 visits/mo
0.0 miles
Marshalls
Apparel
33,109 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,813 visits/mo
0.3 miles
Starbucks
Dining
12,878 visits/mo
0.1 miles
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
Median Home Value
Market
Vacancy Rate% for Retail in Nashville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone restaurant property for sale with 6,010 SF and nearly an acre of site along Lebanon Pike.
Where is this conventional restaurant located?
The property is located at 3451 Lebanon Pike Nashville, TN.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Standalone restaurant property for sale; 6,010 SF building size; 0.95‑acre site
