Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Parts Store
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Courier Service Postal Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CS · Nashville, TNCS, 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CS in Nashville, TN.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning