Property profile

420 Long Holw Pike Goodlettsville, TN 37072

OFF-MARKET
Drive through restaurants
Property ID
US80-0513588
3,174 SF 1.19 ac lot Built 2022
Entity Owned 4-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

420 Long Holw Pike Goodlettsville, TN 37072-3480
Goodlettsville metro Census 21005 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.08M

Owner & transaction history

since 2021
Last sale
$3.0M
2 recorded transactions
2021
$850,000
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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