2381 Elm Hill Pike Nashville, TN 37214
For Sale
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This exceptional investment opportunity presents a 950-square-foot Dutch Bros. Coffee location in Nashville, Tennessee. The property, built in 2024, sits on a 1.97-acre lot and boasts a new 15-year net lease with a corporate guarantee. The lease includes three 5-year renewal options, each with a 10% rent increase, ensuring consistent income growth and inflation protection. The property features a drive-thru, 16 parking spaces, and enjoys excellent visibility at a signalized intersection on Elm Hill Pike. This high-traffic area benefits from proximity to Nashville International Airport and a strong concentration of national retailers, including Publix, AutoZone, Walgreens, Target, Kroger, and Harbor Freight Tools. The location is also supported by a dense residential population, with over 146,300 residents and 121,200 daytime employees within a 5-mile radius, boasting an average household income of $87,283. The property's strong tenant, favorable lease terms, and prime location make it an ideal, low-management investment with a 5.00% cap rate and a current NOI of $119,000. The asking price is $2,380,000, representing a price per square foot of $2,505.26 and a land value of $125.26 per square foot. The property is zoned for commercial limited use and has a parcel number of 095-15-0-007-00. This is a rare opportunity to acquire a high-performing, passively managed investment in a thriving Nashville market. The property offers significant upside potential due to the strong tenant, long-term lease, and strategic location.
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Dutch Bros Coffee Cafe & Coffee Shop
CL, Commercial Limited District. The CL district is designed to provide for a limited range of commercial uses primarily concerned with retail trade and consumer services, general and fast food restaurants, financial institutions, administrative and consulting offices. This district may be used in areas policied for concentrations of mixed commercial develop…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CL · Nashville, TNCL, Commercial Limited District. The CL district is designed to provide for a limited range of commercial uses primarily concerned with retail trade and consumer services, general and fast food restaurants, financial institutions, administrative and consulting offices. This district may be used in areas policied for concentrations of mixed commercial development, super community or regional scale retail concentrations, or in the vicinity of major intersections within existing arterial commercial areas. The uses in this district serve a moderately wide market area, and therefore ease of automobile access is requisite. 3. CS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custom assembly, restaurants, entertainment and amusement establishments, financial, consulting and administrative services. This district may be used in areas policied for concentrations of mixed commercial community development, at selected locations within super community retail concentrations and regional activity centers, or in the vicinity of major intersections within existing arterial commercial areas. Business establishments in the CS district often serve a wide market area, and ease of automobile access is requisite. However, it is not intended that this district permit uses which generate truck traffic other than the stocking of products. Because of the diverse nature of uses found in this district, bulk and buffering standards are designed to protect neighboring areas. 4. CA, Commercial Attraction District. The CA district provides a diverse range of amusement and recreational uses in association with overnight accommodations and a variety of retail and support services typically affiliated with the tourist industry. Bulk and parking standards are designed to reflect the high traffic generation rates commonly associated with uses found in this district. The CA district may be appropriate for selected areas policied for a regional activity center, or for concentrations of mixed commercial development. This district also may have limited application within super community scale retail concentrations, and in the vicinity of major intersections within existing arterial commercial areas. 5. CF, Core Frame District. The CF district is intended to implement the general plan's central business district land use policies for support services.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
