Property Details for 711 Stewarts Ferry Pike

Year built

1993

Lot size

2.03 lot acres

Property size

31,311 SF

Property type

Office properties & Spaces

Description

This exceptional Class A office building in Nashville, TN, presents a compelling investment opportunity. Located at 711 Stewarts Ferry Pike, this fee-simple property boasts 31,311 square feet across three stories in a single building on a 2.03-acre lot. Built in 1993, the property currently enjoys 100% occupancy with two tenants under a modified lease structure backed by a corporate guarantee from a highly reputable government entity, minimizing default risk. The current asking price is $4,323,973, representing a compelling cap rate of 7.50% and a price per square foot of $138. The Net Operating Income (NOI) stands at $324,298. The property benefits from annual rent increases tied to the Consumer Price Index (CPI), ensuring consistent income growth. Significant tenant improvements totaling over $713,000 have been completed or are committed, further enhancing the property's value. The building is situated approximately four miles from Nashville International Airport and benefits from high traffic volume on Stewarts Ferry Pike, estimated at 24,889 cars daily. The property also includes a gated parking lot and is a Level II Security facility. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential in a thriving Nashville market. The recent acquisition of an adjacent 1.22-acre parcel further solidifies the property's value and potential for future development.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Longitude

-86.6249

Latitude

36.1538