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    FOR SALE
    Drive through restaurants

    420 Long Holw Pike, Goodlettsville, TN 37072-3480

    3,174 SF 1.19 ac lot Built 2022
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US80-0513588
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple, 2,775 square foot Bojangles restaurant in Goodlettsville, Tennessee. Built in 2022, this Class A property boasts a 14.2-year remaining lease term (expiring 01/30/2039) with a top-performing franchisee, featuring 7% rent bumps every five years starting in year seven and three five-year renewal options. Located on 1.19 acres with 28 parking spaces, the property benefits from a high-traffic location near I-65, a Publix, and significant daytime employment. The absolute NNN lease provides a strong, passive income stream with a current NOI of $184,022 and a 5.85% cap rate. The property is situated in a high-growth area of the Nashville MSA, with an average household income exceeding $106,900 within a one-mile radius and a population of 75,700 within five miles. This prime location, coupled with the strength of the Bojangles brand and the long-term lease, makes this an attractive investment opportunity. The property is zoned CPUDL and enjoys excellent visibility at a signalized intersection. This is a rare chance to acquire a well-performing, established QSR property in one of the fastest-growing metropolitan areas in the United States. The property's strong fundamentals and location make it an ideal addition to any diversified investment portfolio.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2022
    Total area 3,174 SF
    Lot 1.19 ac (51,836 SF)
    APN 083143J G 00402
    UPID US80-0513588
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bojangles Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tn Goodlettsville Long Hollow LLC · 4 yrs held
    Tn Goodlettsville Long Hollow LLC
    since 2021
    Last sale
    $3.0M
    2 recorded transactions
    2021
    $850,000
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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