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    6399 Charlotte Pike Nashville, TN 37209

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    7,000 SF NNN Lease, High NOI

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000 square foot retail property, located at 6399 Charlotte Pike in Nashville, Tennessee, presents a compelling investment opportunity. Built in 1929 and situated on a 0.67-acre lot, the property boasts a highly visible location along a major thoroughfare in the desirable West Nashville submarket. The property is zoned CS and includes 36 parking spaces, ensuring ample convenience for customers. Currently operating under a single-tenant NNN lease with a remaining term of five years, the property generates a substantial net operating income (NOI) of $202,446.48. This makes it an attractive prospect for investors seeking strong, consistent cash flow. The lease structure offers a straightforward and low-maintenance investment, minimizing operational responsibilities. The property's location within a thriving retail area of Nashville, coupled with its substantial size and strong NOI, positions it as an ideal long-term hold, particularly for those considering a 1031 exchange. The 5-year lease term provides stability and predictable income, while the property's prime location and ample parking ensure continued tenant success and high occupancy rates. This is a rare opportunity to acquire a well-established retail property in one of Nashville's most sought-after areas.

    Property Features for 6399 Charlotte Pike

    General Information

    Property type
    Retail properties
    Square Feet
    7,000 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1929

    HighLights

    • 7,000 SF retail building on a 0.67‑acre lot in Nashville, TN.
    • Single‑tenant NNN lease with a 5‑year term.
    • $202,446.48 NOI.
    • 36 parking spaces.
    • Located at 6399 Charlotte Pike, Nashville, TN 37209, in the desirable West Nashville submarket.
    • CS zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8723947
    Latitude
    36.1440676

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    FAQs

    What type of property is this?
    Retail property - 7,000 SF NNN Lease, High NOI
    Where is this retail property located?
    The property is located at 6399 Charlotte Pike Nashville, TN.
    What are key features of this property?
    This property features: 7,000 SF retail building on a 0.67-acre lot in Nashville, TN.; Single-tenant NNN lease with a 5-year term.; $202,446.48 NOI.
    Request Owner's contact information
    6399 Charlotte Pike Nashville, TN 37209
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    Nashville, TN 37209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6399 Charlotte Pike Nashville, TN 37209
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