26383 Main St Ardmore, TN 38449-3299
- Turn key restaurants
- 3,450 SF
- 0.85 lot acres
Oct 16, 2024
Current Use by Public Records
- Burger King / Restaurant / Fast Food Restaurant
Property Details for 26383 Main St
- Year built
- 2005
- Lot size
- 0.85 lot acres
- Property size
- 3,450 SF
- Property type
- Turn key restaurants
- APN
- 028181E A 00500
- APU
- 028181EA00500
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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Giles
- State
- Tennessee
- Longitude
- -86.8487
- Latitude
- 34.9931
