- For Sale $15,667,476
- Property Type Retail
- Property Size 9,618 SF
- Lot Size 0.38 Acre
- Cap Rate % 5.35
- Year Built 2022
- Date Updated Jan 23, 2025
Description
• Absolute NNN Lease – This property is an absolute NNN lease with zero landlord responsibilities
• 20 Year Lease – CVS just recently signed a new 20-year lease after relocating from across the street
• Proven Performance – CVS relocated from across the street after operating their for over 20 years
• Corporate Guaranty – Lease is corporately guaranteed by CVS which holds an investment grade credit rating of BBB
• Green Hills Mall – This property is situated outside the Green Hills mall which has over 1,000,000 SF of retail and sees over 5,000,000 annual visitors
• Affluent Demographic – The Green Hills area serves as the main retail corridor for Nashville wealthiest residents with an average household income in a 5-mile radius over $140,000
• Luxurious Tenant Mix – The surrounding area is known for its upscale brands and boutiques
• Hard Signalized Corner – This CVS benefits from sitting at a hard signalized intersection
• Additional Square Footage – The city of Nashville will be moving Crestmoor Rd south towards the intersection with Glen Echo Rd giving you additional square footage of the lot
• Heavy Traffic Counts – Hillsboro Pike see over 30,000 VPD
• Strong Population Growth – The 5-mile radius is see an annual population growth north of 2%
False
Contacts
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services