Property profile

6399 Charlotte Pike Nashville, TN 37209

OFF-MARKET
Strip malls
Property ID
US80-0065899
7,280 SF 0.67 ac lot Built 2006
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,000 square foot retail property, located at 6399 Charlotte Pike in Nashville, Tennessee, presents a compelling investment opportunity. Built in 1929 and situated on a 0.67-acre lot, the property boasts a highly visible location along a major thoroughfare in the desirable West Nashville submarket. The property is zoned CS and includes 36 parking spaces, ensuring ample convenience for customers. Currently operating under a single-tenant NNN lease with a remaining term of five years, the property generates a substantial net operating income (NOI) of $202,446.48. This makes it an attractive prospect for investors seeking strong, consistent cash flow. The lease structure offers a straightforward and low-maintenance investment, minimizing operational responsibilities. The property's location within a thriving retail area of Nashville, coupled with its substantial size and strong NOI, positions it as an ideal long-term hold, particularly for those considering a 1031 exchange. The 5-year lease term provides stability and predictable income, while the property's prime location and ample parking ensure continued tenant success and high occupancy rates. This is a rare opportunity to acquire a well-established retail property in one of Nashville's most sought-after areas.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 7,280 SF
Lot 0.67 ac (29,185 SF)
Zoning code CS
APN 103-01-0-019-00
UPID US80-0065899

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
  • Auto Parts Store
  • Courier Service Postal Service

Location

6399 Charlotte Pike Nashville, TN 37209-2926
Nashville metro Census 18101 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.49M
Comparable Approach Comparable
$985k
Blend (final) Blend
$1.56M

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2018
$3.0M
2014
$2.4M
2014
Price N/A
2007
$2.6M
2007
Price N/A
2006
$950,000

Zoning & alternative use

CS · Nashville, TN
Zoning description

CS, Commercial Service District. The CS district is intended to provide opportunities for a diverse range of commercial uses that include retail trade and consumer services, automobile sales and repair, small scale custo…

General category COMMERCIAL
Top alternative use upside
Medical building $2.5M +16.9%

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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