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McDonalds Anchored NNN Leased Investment

$1,300,000

1907 N Meridian St, Greenfield, TN 38230

Active
Last Updated: 07/22/2026

4.62

Cap Rate

60,000

NOI

Details:
Cap Rate:    4.62%
NOI:    $60,000
Building Size:    3,840 sqft
Lot Area:    1.2908 acres
Occupancy:    43%
Class:    C
Year Built:    2018
Floors:    1
Highlights:
  • McDonald's Corporate lease - BBB+ S&P Credit / Long Term NNN Lease
  • Value-Add retail investment with significant leasing upside for the adjacent vacant shop space
  • Strategic hard corner location - situated on a 1.26 acre signalized corner parcel
  • Established retail corridor serving Greenfield - with immediate proximity to Greenfield High School
  • Stable regional economy & employment base - More than 10,900 employees and over 900 businesses support the regional economy
  • Affordable basis with repositioning potential - Offered at approximately $154 PSF, substantially below recent McDonalds comparable sales pricing
Description:

Tennessee Broker of Record: Jonathon Aur / License No.: 265379
Faris Lee Investments & Jones Aur Commercial Real Estate is pleased to present the opportunity to acquire a value-add retail investment anchored by McDonald’s, the world’s leading quick-service restaurant brand, located along the primary commercial corridor in Greenfield, Tennessee. The 8,445-square-foot retail strip center consists of a 3,627-square-foot McDonald’s with drive-thru operating under a long-term NNN lease and 4,818 square feet of adjacent vacancy, providing investors with a clearly defined leaseup opportunity. Current in-place NOI of approximately $60,000 has the potential to increase to approximately $146,724 upon stabilization, creating significant upside through the leasing of the vacant suites while benefiting from the stability of an investment-grade anchor tenant. Positioned on a 1.26-acre signalized hard corner with excellent visibility, multiple points of ingress and egress, and ample parking, the property is surrounded by established national retailers including Shell, Casey’s, Sonic, and Subway, reinforcing its position within Greenfield’s dominant retail corridor.
The offering provides investors with an attractive basis at approximately $154 per square foot and multiple avenues for value creation through strategic lease-up at projected market rents. Upon stabilization, the property is expected to support a diversified rent roll, stronger cash flow, and enhanced long-term value while maintaining the security of McDonald’s as the anchor tenant. Investors also benefit from the flexibility to continue long-term ownership for stable income or pursue disposition as a fully leased retail investment following execution of the business plan.
The property serves a regional trade area of approximately 47,880 residents within a 15-mile radius and is supported by more than 19,500 households, over 900 businesses, and nearly 11,000 employees. Nearby employers, including the University of Tennessee at Martin, Parker Hannifin, Plastic products Company, and Akin & Porter Produce, contribute to a stable economic base and consistent consumer demand. Combining dependable in-place income, meaningful leasing upside, a strategic hard-corner location, and multiple exit strategies, this offering presents a compelling opportunity to acquire a retail asset with both immediate cash flow and significant long-term value creation potential.

Signalized hard corner along Greenfield’s primary commercial corridor with direct frontage on N. Meridian Street and proximity to national quick-service retailers.

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