1905 Gallatin Pike Nashville, TN 37115
- Lifestyle centers
- 3,983 SF
- 0.70 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1905 Gallatin Pike
- Year built
- 1995
- Lot size
- 0.70 lot acres
- Property size
- 3,983 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 3,983 square foot, two-tenant shopping center in Nashville, Tennessee, boasting a 6.25% cap rate and a strong net operating income (NOI) of $154,540. Located at 1905 Gallatin Pike N, in Davidson County, this fee-simple property sits on a 0.7-acre lot and features a Starbucks and an Ascension Saint Thomas Urgent Care as tenants. The property, built in 1995, benefits from a 100% occupancy rate, with Starbucks having eight years remaining on their lease and Ascension Saint Thomas Urgent Care having over four years remaining. Both leases include rent bumps and are structured as NNN (triple net) leases, minimizing management responsibilities for the investor. The tenants are backed by corporate guarantees, providing added security. The property enjoys a prime location in a high-traffic retail corridor with an average annual daily traffic count of 35,496 vehicles. Surrounding national and regional retailers include Walmart, Home Depot, Lowe's, and Hobby Lobby, further enhancing the property's visibility and appeal. This is an ideal investment for those seeking a low-management, high-return retail property in a thriving market. The property offers a compelling combination of strong tenants, a desirable location, and a favorable financial profile.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.6959
- Latitude
- 36.2999
