Cap Rate
6%
Year Built
2022
NOI
$124,313
Property Type
Retail
LEAD LISTING AGENT
Hutt Cooke
Market Leader
Email
[email protected]
License No.
356505 (TN)
Direct
+1 (615) 667-0097
Mobile
+1 (615) 521-6955
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- Long Term Lease – Mobility Works has an initial lease term of 12 years remaining, allowing for a long term investment
- ZERO Landlord Obligations – The tenant in on an absolute NNN lease allowing for a truly passive investment
- Options to Extend Lease – Mobility Works has Two, 10-year options to extend the lease
- Annual Increases – The lease boasts from 2% annual increases in the base term and the options, allowing for a strong hedge against inflation
- Nashville Metropolitan Statistical Area – Madison is located in the Nashville metropolitan area, which is the most populous metro area in Tennessee with a population of just over 2 million
- High Traffic – Myatt Dr sees over 30,000 VPD and The Property is located 1 mile from the intersection of Rivergate Pkwy and Gallatin Pike, which sees over 68,000 VPD
- Huge Population Growth – The population in a 5 mile radius is projected to grow 5% in the next 5 years and has grown more than 13% in a 1- mile radius in the past decade
Affluent Suburb – The average household income in a 5 mile radius is more than $75,000
Broker of Record
- Kyle Matthews
- License No. 263667 (TN)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203