290 Hicks Rd, Nashville, TN 37221-3404
- Drive through restaurants
- 2,952 SF
- 1.00 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 290 Hicks Rd
- Year built
- 2005
- Lot size
- 1.00 lot acres
- Zone code
- CL
- Property type
- Drive through restaurants
- APN
- 142-00-0-368-00
- APU
- 14200036800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 21, 2025 | — | Starbucks Corporation | Yanahli Bellevue LLC | Deed | — |
| Apr 17, 2025 | $3,195,000 | Vnv 7eleven LLC | Yanahli Bellevue LLC | Special Warranty Deed | — |
| Apr 15, 2024 | — | Yanahli Bellevue LLC | Ajs Associates | Quit Claim Deed · related | — |
| Apr 15, 2024 | $2,250,000 | Yanahli Bellevue LLC | Ajs Associates | Special Warranty Deed | $2.7M · West Bay Capital LLC |
| Jun 20, 2013 | — | Ajs Associates | — | Loan Modification · related | $4.8M · Bank Of America |
| Nov 22, 2004 | $600,000 | Ajs Associates | Suntrust Bank | Grant Deed | — |
| Nov 19, 2004 | — | Owner Name Unavailable | Owner Name Unavailable | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a brand-new, 3,327 square-foot Starbucks located at 290 Hicks Rd, Nashville, TN 37221. Built in 2024, this single-tenant property boasts a 10.1-year net lease with a corporate guarantee from Starbucks (NASDAQ: SBUX), providing significant financial security. The lease commenced January 1, 2025, and expires January 31, 2035, with a remaining term of 10.2 years. The asking price is $3,836,000, representing a compelling $1,208 per square foot and a 5.50% cap rate based on a current Net Operating Income (NOI) of $211,000. The property sits on a one-acre lot and includes a drive-thru. Rent increases are structured with a 10% bump every five years, ensuring consistent growth in rental income. The property enjoys a highly visible location along Highway 70 South (37,798 AADT) near Interstate 40 (65,660 AADT), approximately 13 miles from downtown Nashville. This prime retail location benefits from strong demographics, including a population of 296,428 and an average household income of $158,577 within a 10-mile radius. The area features numerous successful retail centers, including Bellevue Valley Plaza, Bellevue Plaza, Bellevue Place, Belle Forest Shopping Center, and Bellevue Center, all anchored by major retailers. The property also benefits from a 1.5% annual population growth rate within a 10-mile radius. Four five-year lease options are included.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,250,000
- ML approach
- $2,250,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,225,000
Market price range: $657k - $2.31M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,455,000 Current use
- AUTO REPAIR, GARAGE
- $1,790,000 Change: +23% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,480,000 Change: +2% Conversion: Easy
- RETAIL STORES
- $1,365,000 Change: -6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.9258
- Latitude
- 36.0735
- CBSA code
- 34980
- CBSA name
- NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
