5231 Old Hickory Blvd Nashville, TN 37076

Property Details for 5231 Old Hickory Blvd

Lot size

1.11 lot acres

Property size

2,795 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,795 square foot Burger King restaurant situated on a 1.11-acre lot in Nashville, Tennessee. The property is subject to an absolute NNN ground lease with a corporate guarantee, offering significant financial stability. The current lease boasts a remaining term of 5.6 years, with four 5-year renewal options at an 8% rent increase. The property generates a strong NOI of $94,478, resulting in a compelling 6.00% cap rate. The asking price is $1,575,000, translating to $563.51 per square foot. This strategically located fast-food establishment benefits from high visibility and accessibility on Old Hickory Boulevard, boasting an average daily traffic count of 48,208 vehicles. Its proximity to major thoroughfares, including State Highway 24 (36,561 AADT) and Interstate 40 (120,445 AADT), ensures substantial traffic flow. Furthermore, the property enjoys a prime location near Nashville International Airport (seven miles northeast), benefiting from a robust demographic profile with a population of 107,755 and an average household income of $106,043 within a five-mile radius. The site shares market exposure with numerous other well-known restaurants and retailers, further enhancing its appeal and potential for continued success. The Burger King franchise has operated at this location for 14 years, demonstrating the long-term viability and strong performance of this investment. The recent lease extension underscores the tenant's commitment to the site and its strategic importance. This property offers a rare opportunity to acquire a stable, high-performing investment with significant upside potential.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Longitude

-86.6145

Latitude

36.1873