3900 Dickerson Pike Nashville, TN 37207-1304

Property Details for 3900 Dickerson Pike

Year built

2000

Lot size

0.78 lot acres

Property size

2,932 SF

Zone code

CS

Property type

Drive through restaurants

APN

041-08-0-034-00

APU

4108003400

Description

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.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Longitude

-86.756

Latitude

36.2697

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments