3900 Dickerson Pike Nashville, TN 37207-1304
This exceptional investment opportunity presents a 3,539 square foot Jack in the Box restaurant in Nashville, TN, operating under an absolute NNN lease with 4.5 years remaining on the primary term, followed by four 5-year option periods. The property boasts a 6.00% cap rate and a strong NOI of $99,000, reflecting a price per square foot of $466.23. The lease commenced January 8, 2019, and expires January 7, 2029, featuring CPIW rent increases (up to 10%) every five years. Situated on a 0.78-acre lot at the hard corner of a signalized intersection of Old Hickory Boulevard and Dickerson Pike, this location benefits from over 35,000 vehicles per day. The surrounding area demonstrates robust demographics, with over 110,420 residents within a 5-mile radius and an average household income exceeding $84,624. Nashville's thriving job market, adding over 26,000 new jobs in 2023, further enhances the property's investment potential. The tenant, Jack in the Box Inc. (NASDAQ: JACK), is a publicly traded company with over 2,200 locations and nearly $6 billion in annual systemwide sales, providing stability and security to this investment. This is a tax-free income state. The property's proximity to Hunters Lane High School, Davidson Academy, and Bellshire Elementary Design Center adds to its appeal. This presents a rare chance to acquire a high-performing, single-tenant net lease asset in a prime Nashville location.
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Jack in the Box Restaurant Take-out & Catering
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Sam Prass Car Dealership Shipping Company
CS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custom assembly, restaurants, entertainment and amusement establishments, financial, consulting and administrative services. This district may be…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CS · Nashville, TNCS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custom assembly, restaurants, entertainment and amusement establishments, financial, consulting and administrative services. This district may be used in areas policied for concentrations of mixed commercial community development, at selected locations within super community retail concentrations and regional activity centers, or in the vicinity of major intersections within existing arterial commercial areas. Business establishments in the CS district often serve a wide market area, and ease of automobile access is requisite. However, it is not intended that this district permit uses which generate truck traffic other than the stocking of products. Because of the diverse nature of uses found in this district, bulk and buffering standards are designed to protect neighboring areas. 4. CA, Commercial Attraction District. The CA district provides a diverse range of amusement and recreational uses in association with overnight accommodations and a variety of retail and support services typically affiliated with the tourist industry. Bulk and parking standards are designed to reflect the high traffic generation rates commonly associated with uses found in this district. The CA district may be appropriate for selected areas policied for a regional activity center, or for concentrations of mixed commercial development. This district also may have limited application within super community scale retail concentrations, and in the vicinity of major intersections within existing arterial commercial areas. 5. CF, Core Frame District. The CF district is intended to implement the general plan's central business district land use policies for support services. The district is designed primarily for a diverse variety of business service functions along with retail trade and consumer service establishments and large parking structures that require locations in proximity to the central business district. G. DTC, Downtown Code District. The DTC district is designed for a broad range of residential and non-residential activities associated with an economically healthy, socially vibrant, and sustainable Downtown.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
