Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
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Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
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Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Price sensitivity
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Zoning designation
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Official district profile
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 ins…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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