$2,815,000 | 6.0% CAP 4119 LEBANON PIKE HERMITAGE, TN 37076 (NASHVILLE MSA) RETAIL INVESTMENT GROUP, LLC SEANSEAN STEPHENSON STEPHENSON STEVENSTEVEN D ADVISAVIS JOHNJOHN C CAAVINVIN 8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260 Senior Associate Managing Member Broker of Record 480.429.4580 480.429.4580 615.210.9697 480.429.4580 480.429.4580 480.429.4580 TN #279671 250625
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[email protected] [email protected] AZ #SA672380000 AZ #BR101032000 NASHVILLE TENNESSEE PROPERTY INFORMATION INVESTMENT HIGHLIGHTS 4119 Lebanon Pike, • Absolute NNN Lease (Zero Landlord • TN is an income tax free state Address: Hermitage, TN 37076 Responsibilities) • Store remodeled in 2016 by tenant Price: $2,815,000 • Lebanon Road: ±33,760/VPD • Populated Area w/ over ±475,000 • Old Hickory Blvd: ±33,783/VPD people within 10-mile Radius Cap Rate: 6.0% • Corporate Guarantee • Median Household Income: $65,950 | NOI: $168,873 • 4x5 Year Options Higher than National Average Building Size: ±5,051 Square Feet • 10% or 1.25 times CPI Every 5 Years • Near U.S Route 70, I-40, & SR 45 (whichever is less) • ±7 miles from Nashville Airport Land Area: ±1 Acre Lease Expiration: 12/31/2032 Options: (4) 5-Year Options Lessee: Hooters of America, LLC Lease Type: Absolute NNN The Lesser of 10% or 1.25 Increases: times CPI Every 5 Years Guarantee: Corporate ROFR: Ask Agent RETAIL INVESTMENT GROUP, LLC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM NASHVILLE TENNESSEE HOOTERS Retail Investment Group is pleased to be the exclusive listing agent for the Hooters property located in Hermitage (Nashville MSA) Tennessee.