117 5Th Ave Franklin, TN 37064

Property Details for 117 5Th Ave

Year built

1920

Lot size

0.06 lot acres

Property size

3,625 SF

Property type

Retail space

APN

094078C B 02700

APU

094078CB02700

Description

This exceptional mixed-use property, located in Franklin's vibrant Historic District at 117 5th Ave N, offers a compelling investment opportunity. The 3,625 square foot building sits on a 0.09-acre lot and boasts a prime location, ensuring high visibility and accessibility. The structure is in excellent condition, with recent upgrades including a TPO (reflective membrane) roof, demonstrating a commitment to long-term maintenance. Currently fully leased to solid tenants, this property provides immediate and consistent cash flow. The leases are double net, meaning tenants cover taxes and insurance in addition to base rent, minimizing owner expenses. Lease terms are favorable, with one lease expiring in April 2025 and the other in August 2029, both featuring a 4% annual rent increase. Convenient rear entrances from the alley provide easy access for tenants and deliveries. The property's strong tenant base, coupled with the desirable location and excellent condition, makes this an attractive investment. Furthermore, the possibility of owner financing is available, making this opportunity even more accessible. This is a rare chance to acquire a well-maintained, income-producing property in the heart of Franklin's historic district.

Location Insight

City

Franklin

County

Williamson

State

Tennessee

Longitude

-86.8722

Latitude

35.9244

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments