5821 Nolensville Park Nashville, TN 37211
- Retail properties
- 22,988 SF
Current Use by Public Records
- Retail properties
Property Details for 5821 Nolensville Park
- Year built
- 2023
- Property size
- 22,988 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, single-tenant Sprouts Farmers Market in Nashville, Tennessee. The 22,988 square foot grocery store sits on a 2.85-acre site at a signalized intersection on the rapidly growing Nolensville Pike retail corridor. Boasting a 15-year net lease with five, 5-year options and rent bumps every five years, this property offers exceptional long-term stability. The tenant, Sprouts Farmers Market, is a major national grocery chain with over 390 stores and generated $6.8 billion in net sales in 2023. The property benefits from strong demographics, with 178,853 residents within a 5-mile radius boasting an average household income of $99,683. The location is strategically positioned across from a Walmart Supercenter and surrounded by other major retailers including Lowe's, Chick-fil-A, and several banks. The asking price is $11,450,000, representing a 5.20% cap rate and a NOI of $595,389. Landlord responsibilities are limited to roof and structure maintenance. The property includes 108 parking spaces and was built in 2023. This is a truly exceptional, low-maintenance, high-return investment in a prime Nashville location, just 9 miles from the Nashville International Airport.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7142
- Latitude
- 36.0417
