Property summary
This exceptional commercial property, located at 2241 Fairview Blvd, Fairview, TN 37062, presents a compelling investment opportunity. The single-story, 3,860 square foot building, constructed in 2011 and extensively renovated in 2023, sits on a 0.34-acre lot zoned CG. Currently, the property is fully leased to two tenants: a dental practice and a national insurance branch. Both leases are Net-Net-Net (NNN), ensuring minimal landlord responsibilities. The current lease terms extend to December 17, 2028 and December 17, 2033, respectively, with two five-year renewal options on each. Annual rent increases are built into the leases, with escalations of 2.5% and 1.25%. The property boasts a strong Net Operating Income (NOI) of $105,216, resulting in an attractive 6.01% capitalization rate. Situated in Williamson County, Tennessee, a rapidly growing area, this property offers a stable income stream and significant long-term growth potential. The building's design allows for the potential addition of a third unit. This is a turnkey investment opportunity with a proven track record of success. The asking price is $1,750,999.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Dental Office
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Financial Advisor Insurance Agency
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Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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