420 Long Hollow Pike Goodlettsville, TN 37072

Property Details for 420 Long Hollow Pike

Year built

2022

Lot size

1.19 lot acres

Property size

3,174 SF

Property type

Drive through restaurants

APN

083143J G 00402

APU

083143JG00402

Description

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.