Listed by Atlantic Capital Partners
$3,094,000
City BBQ | Nashville, TN
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,500
Cap Rate 6.35%
NOI $196,500
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 3 x 5-year options
Price per SqFt $728
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Acreage 1.160
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/10/2026
Ownership Fee Simple
6.35% CAP | Corp, NEW CONSTRUCTION | GROUND LEASE
Investment highlights
RENT GROWTH WITHIN LONG TERM LEASE
- 15 Year Abs. NNN - Ground Lease
- 10% rental increases every 5 years including options
- Three (3) - five (5) year options
- Zero Landlord responsibilities
FAST GROWING BRAND
- Corporate Guarantee by City BBQ who currently has over 70 locations
- Expected growth of 100+ stores by the end of 2025
- City BBQ AUV is $3.7M
NEW CONSTRUCTION ACCOMPANIED BY SOLID NATIONAL RETAILERS
- Newly built City BBQ on Thompson lane which is a key route through Rutherford County
- Within 1-mile of site 4.1M SF of retail space
- Adjacent to a Walmart Supercenter & nearby Lowes
TOP TIER MSA
- Retail employment in the Nashville-Davidson-Murfreesboro-Franklin MSA rose from approximately 103.7 thousand in 2022 to 106,800 the following year
- Average unemployment rate of 3.2% coupled by increased retail spending limits
- Retail Vacancy sits at 3.1% in Q1 2025
HIGH-VISIBILITY CORRIDOR
- Thompson lane is one of Rutherford counties busiest arterials carrying over 20,000 VPD
- Property benefits from both commuter and destination traffic
- Corridor provides access to I-24 linking Murfreesboro to downtown Nashville in under 30 min
- Ongoing infrastructure includes TDOT’s Thompson Lane widening initiative
INCOME GROWTH & YOUNG WORKFORCE
- 2.65% annual population increase YoY
- Median age in Murfreesboro is 31 years (10-years below national average) & AHHI for ages 25-44 is $77,000
- Affluent and professional demographics contribute to above-average retail sales per capita ($18,400)
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,500.00
$16,375.00/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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