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Whataburger - Antioch, TN (Nashville)

Below Market Whataburger Ground Lease | Century Farms Nashville Development | $2.7 M Price Point

Listing Contacts

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Active

Asking Price: $2,705,000
Address 

4226 Century Farms Ter, Nashville, TN 37013

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Date Added
Sep 16, 2024
Days on Market
222 days
Time Since Last Update
23 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
ClassA
Lease TypeAbsolute NNN
TenancySingle
Brand/TenantWhataburger
Remaining Term14 years
Square Footage3,000
Cap Rate4.25%
Occupancy100%
NOI$115,000
Year Built2024
Lot Size (acres)1.37
Rent Bumps10% every 5-years
Lease Options3 x 5-year
Ground LeaseYes
OwnershipGround Lease

Marketing Description

Jones Lang LaSalle Americas, Inc.​ (“JLL”), is pleased to exclusively offer for sale the ground lease interest in the single-tenant Whataburger (the “Property” or “Asset”) located at 4226 Century Farms Terrace in Antioch, TN.​ The 14-year ground lease operates under an absolute NNN lease structure and is subject to 10% rent increases every 5-years, providing investors a hedge against inflation.​

The new construction quick-service restaurant is ideally situated within the heart a master planned mix-use development known as the Century Farms in Nashville, TN.​ Century Farms is a 300+ acre, mixed-use, master-planned development featuring a wide variety of major retail, office, multifamily and entertainment uses and has achieved zoning for more than 20,000,000 square feet of space.​ 

The development is already home to Tanger Outlets, which opened a 290,000 square foot Outlet Center in October 2023 to 50+ national retail and restaurant concepts, as well as a couple of local staples in Prince's Hot Chicken and Tailgate Brewery.​ The development is also home to Community Health Systems, which constructed a 6-story, 2,000 employee operations center on-site, a team headquarters for Major League Soccer's Nashville SC, HCA Healthcare's new freestanding Emergency Room and adjacent 60,000 sf medical plaza, Chipotle, PNC Bank, AT&T and 1,200+ units of upscale multifamily.​ 

Investment Highlights

  • Situated within Century farms 300+ Acre mixed use master planned development (Office, Retail, Multifamily)

  • Absolute NNN ground lease structure with zero landlord expense responsibilities

  • Newly constructed 14-year lease with 10% rent increases every five years and subject to three five-year renewal options

  • Situated across the street from Tanger outlets which has over 50 national tenants and attracts over 2.3 million visitors annually

  • The asset is adjacent to two newly developed multifamily mid rises (500+ units) and 1,000+ future planned multifamily units

  • 27th largest US restaurant chain in terms of sales

  • Direct access to interstate-24 and benefits from high traffic counts of 168,000 vehicles per day

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

0
DSCR
4.25%
Cap Rate
4.25%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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