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Hooters | Nashville, TN

$4,230,769

217 Largo Dr, Nashville, TN 37211

Active
Last Updated: 03/27/2025

6.5

Cap Rate

275,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $275,000
Building Size:    6,070 sqft
Lot Area:    1.04 acres
Occupancy:    100%
Class:    C
Units:    1
Year Built:    1978
Floors:    1
Parking Spots:    60
Description:

Absolute NNN Lease -
Absolute NNN Master lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 8 years of term remaining, and corporate guarantee.

Established Tenant -
Long-term, established tenant with a solid operator. This property has a large guarantor, HOA Holdco, LLC, which has 350+ company-owned and franchised restaurants.

Strategic Location -
The property is ideally situated close to a variety of business parks and residential complexes, with convenient access to Nashville International Airport. Located southeast of downtown Nashville, it enjoys a vibrant surrounding area that offers a rich blend of outdoor recreation, shopping, dining, and entertainment options.

High Visibility Location -
Positioned at the busy junction of I-24 and Hwy 255, the property receives exceptional visibility and convenient access.

Thriving Market -
Nashville ranks as the 10th fastest-growing city in the U.S. for 2024. The area within a 10-mile radius of the property boasts a population of over 608,000, with an impressive average household income exceeding $103,000.

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