Current Use by Public Records
- Retail properties & Spaces
Property Details for 701 Tn-76
- Year built
- 2023
- Lot size
- 1.27 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,500 square foot Whataburger restaurant located in White House, Tennessee, within the Nashville MSA. Situated on a 1.27-acre lot at 701 TN-76, this Class A property boasts a strong location on a lighted intersection of Hwy 76 (18,776 AADT) and N. Sage Rd, with convenient access to I-65 (64,728 AADT). The property benefits from an absolute triple-net (NNN) ground lease with a corporate guarantee from a financially robust tenant, ensuring consistent cash flow. The 15-year lease, commencing October 21, 2024, and expiring October 31, 2039, includes built-in rent bumps of 10% every five years and three 5-year renewal options. The property's strong fundamentals are further enhanced by a 4.75% cap rate and a current NOI of $135,000. The building, constructed in 2023, has been recently retrofitted to meet the tenant's specific needs. The affluent trade area boasts average household incomes exceeding $94,000 within a one-mile radius, and over 690,000 square feet of retail space is located within the same area. This investment offers a compelling combination of strong tenant credit, a long-term lease, and a desirable location in a rapidly growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- White House
- County
- Robertson
- State
- Tennessee
- Longitude
- -86.6746
- Latitude
- 36.4692
