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29441045
29441043

550 Expy Park Dr, Nashville, TN 37210

CBRE - Nashville
Listed by CBRE - Nashville
$2,700,000
126 days on market
Updated 35 days ago
Opportunity zone

550 & 554 Expy Park Drive

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 96,267
Cap Rate 6.93%
NOI $187,200
Tenancy Single
Brand/Tenant Music City Truck & Trailer
Lease Type Absolute NNN
Lease Term 7.3
Lease Expiration 01/15/2032
Remaining Term 5.6
Rent Bumps Yes
Price per SqFt $28
Class A
Acreage 2.210
Investment Type Net Lease
Lease Commencement 10/15/2024

Industrial | 6.93% CAP | 96,267 SqFt

Marketing description

• Exclusive Downtown IOS Offering: Downtown Nashville parking for independent owner-operators

is scarce; Music City Truck & Trailer provides critical capacity to a customer base nearly untapped by

competitors.

• Synergy with Dealership: The business leverages its dealership sales network and industry relationships to

capture both truck buyers and parking tenants, filling a crucial market gap for long-term vehicle storage.

• High Barriers to Entry: Zoning complexity and real estate costs create limited competition for independent

truck parking in this area, further solidifying the tenant’s market position and the property’s desirability.

• Stable Occupancy & Expansion Track Record: Expressway Park has maintained full occupancy since

opening due to Music City Truck & Trailer’s deep ties to independent driver communities and responsive

Investment highlights

  • 2.21 Acres

  • Truck Parking Available

  • 1 Mile to Downtown Nashville

  • Fully Secured & Graveled

  • Excellent I-24 Visibility

Listing Contacts

CBRE - Nashville
Listed by CBRE - Nashville

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$187,200.00
$15,600.00/mo

Valuation Metrics

0
DSCR
6.93%
Cap Rate
6.93%
ROI

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