MOBILITY WORKS

495 Myatt Dr, Madison, TN 37115
$2,071,883

Cap Rate
6%
Year Built
2022
NOI
$124,313
Property Type
Retail

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