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RECENTLY REDUCED IHOP For Sale | NNN Lease NASHVILLE, TN

$2

5420 Target Drive, Antioch, TN 37013

Active
Last Updated: 08/18/2022

6.5

Cap Rate

187,158

NOI

Details:
Cap Rate:    6.5%
NOI:    $187,158
Cash-on-Cash:    6.23%
Building Size:    4,944 sqft
Lot Area:    1 acres
Lease Type:    Triple Net
Year Built:    1999
Price Per Sqft:    $582.39
Zoning:    SCR
Highlights:
  • 4.75 Years Remaining on Lease Term
  • Two Five-Year Options With 5 Percent Increases
  • Traffic Counts of 160,350 on Interstate 24
  • Under 15 Miles From Downtown Nashville
  • Average HHI of $73,836 in Five-Mile Radius
  • Population in Five-Mile Radius of 185,210
  • 2,000+ Multi-Family Units Within a Half Mile Radius
Description:

Marcus & Millichap is pleased to present a 4,944-square-foot IHOP located in Antioch, Tennessee off the Bell Road exit less than 15 miles from downtown Nashville. This property benefits from the traffic from the more than 2,000 apartments in the immediate surrounding areas. It also benefits from the tremendous visibility off the Interstate to bring in transient business. Nearby retailers include Home Depot, Steak and Shake, Dunkin Donuts, newly built Ford Ice Center and the Hickory Hollow retail corridor. Antioch is one of Nashville's fastest growing neighborhoods according to an article written by the local Tennessean newspaper. The new Century Farms development is going to be home to 300 acres of mixed-use development highlighted by office buildings, apartment complexes, restaurants, hotels and Tanger Outlets.

Map:
Documents:
Title
Offering Memorandum
EXECUTIVE_SUMMARY.pdf
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Location
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