434 Main St, Goodlettsville, TN 37072
This exceptional investment opportunity presents a brand-new, 4,000-square-foot Sherwin-Williams storefront in the high-growth Nashville MSA. Located at 434 N Main St, Goodlettsville, TN 37072, this single-tenant, Class A property boasts a 10-year net lease (commencing February 1, 2024, and expiring January 31, 2034) with a corporate guarantee from Sherwin-Williams, a Fortune 500 company. The property features a 6.15% cap rate and a strong net operating income (NOI) of $114,000. Situated on a 0.845-acre lot, the building benefits from high visibility on N. Main St (21,000 vehicles per day) and proximity to I-65 (99,000 vehicles per day). The lease includes five 10% rent bumps, ensuring consistent income growth. The property is part of a thriving retail corridor with over 988,000 square feet of retail space within a one-mile radius and a low vacancy rate of approximately 0.4%. This is a fee-simple ownership opportunity in a rapidly expanding market, with Nashville ranked #1 in PWC's 2024 US Real Estate Markets to Watch. The strong local market, fueled by significant residential construction and population growth (approximately 98 new residents daily), creates a robust demand for retail space. This 2024-built, single-story building represents a secure, long-term investment with a proven tenant and a prime location.
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Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
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.