217 Largo Dr Nashville, TN 37211-4603

Property Details for 217 Largo Dr

Year built

1978

Construction

FRAME

Lot size

1.04 lot acres

Property size

6,070 SF

Zone code

CS

Property type

Turn key restaurants

APN

134-13-0-247-00

APU

13413024700

Description

This exceptional investment opportunity presents a 6,070 square foot Hooters restaurant in Nashville, TN, boasting a 6.50% cap rate and a strong NOI of $275,000. The property, situated on a 1.04-acre lot at 217 Largo Dr, 37211, features a single-tenant, absolute NNN lease with a corporate guarantee from HOA Holdco, LLC, providing significant financial security. The lease, with a remaining term of 8.1 years (expiring 12/31/2032), includes rent bumps, and four 5-year renewal options. Built in 1978, this high-visibility location benefits from its proximity to I-24 and Hwy 255, attracting high traffic volume. The thriving Nashville market, with a population exceeding 608,000 within a 10-mile radius and an average household income over $103,000, ensures consistent demand. The property's strategic location near business parks, residential complexes, and Nashville International Airport further enhances its appeal. This is a rare chance to acquire a well-established, financially secure, and high-performing restaurant investment in a rapidly growing market. The asking price is $4,230,769, with a price per square foot of $697. The property's APN is 13413024700.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Longitude

-86.7024

Latitude

36.0842

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments