26383 Main St, Ardmore, TN 38449-3299
- Turn key restaurants
- 3,450 SF
- 0.85 lot acres
Current Use by Public Records
- Burger King / Restaurant
Property Details for 26383 Main St
- Year built
- 2005
- Lot size
- 0.85 lot acres
- Property type
- Turn key restaurants
- APN
- 028181E A 00500
- APU
- 028181EA00500
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 16, 2025 | — | Premier Kings Holdings LLC | Premier Holdings LLC | Deed · related | — |
| Jan 16, 2025 | $1,600,000 | William C Patterson JR | Premier Kings Holdings LLC | Special Warranty Deed | — |
| Nov 5, 2018 | $457,200 | Premier Kings Holdings LLC | Premier Holdings LLC | Special Warranty Deed · related | $55.4M · Wells Fargo Bank NA |
| May 6, 2016 | $530,000 | Premier Holdings LLC | Peoples Bk | Trustees Deed · related | $1M · First Com'l Bk |
| Feb 1, 2016 | $593,234 | Peoples Bk | Yarbrough W Andrew|howell,arthur B & Darrell | Trustees Deed · related | — |
| Sep 30, 2004 | $105,000 | Bruce Howell | Ardmore Associates INC | Warranty Deed | — |
| Dec 21, 2001 | $78,325 | Ardmore Associates INC | Austin,margaret | Grant Deed | — |
| — | — | Bruce Howell | — | Deed Of Trust · related | $30k · Peoples Bank & Trust |
| — | — | Howell,bruce & Darrell | — | Loan Modification · related | $253k · Peoples Bk |
| — | — | Arthur B Howell | — | Deed Of Trust · related | $55k · Peoples Bank & Trust |
| — | — | Bruce Howell | — | Deed Of Trust · related | $1M · Peoples Bank & Trust |
| — | — | Arthur B Howell | — | Deed Of Trust · related | $151k · Peoples Bank & Trust |
Description
This exceptional investment opportunity presents a 3,450 square foot Burger King located at 26383 Main St, Ardmore, Tennessee, 38449. The property sits on a 0.9-acre lot and boasts a strong 14-year remaining lease term (expiring 10/31/2038) with a corporate guarantee. Built in 2005 and renovated in 2016, this single-tenant, triple-net (NNN) leased property offers zero landlord responsibilities. The current annual net operating income (NOI) is $99,402, representing a 6.00% cap rate on the $1,656,708 asking price ($480.21/sq ft). The lease includes attractive 5% rental increases every five years throughout the base term and any renewal options. This is a compelling investment opportunity due to the strong tenant, long lease term, and built-in rent escalations. The property's location in Ardmore, Giles County, Tennessee provides excellent visibility and access. This is a turnkey investment with minimal management requirements. The lease commenced on October 30, 2018.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Giles
- State
- Tennessee
- Longitude
- -86.8487
- Latitude
- 34.9931
