290 Hicks Rd Nashville, TN 37221-3404
Property Lookup
Property profile & analytics
290 Hicks Rd Nashville, TN 37221-3404
- Drive through restaurants
- 2,952 SF
- 1.00 lot acres
Property ID
US80-0134770
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 290 Hicks Rd
- Year built
- 2005
- Lot size
- 1.00 lot acres
- Property size
- 2,952 SF
- Zone code
- CL
- Property type
- Drive through restaurants
- APN
- 142-00-0-368-00
- APU
- 14200036800
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
based on Realmo’s proprietary methodology
-
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,149
$435,600
$561,960
$997,560
-
$1,089,000
$1,404,900
$2,493,900
