Listed by Colliers - Nashville, Tennessee
$3,230,000
15119 Old Hickory Boulevard
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 12,691
Cap Rate 6.50%
NOI $210,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1988
Acreage 1.490
Ground Lease No
Firestone-Anchored Center in Nashville MSA
Marketing description
Colliers is the exclusive sale advisor for a Firestone anchored shopping center in Nashville, TN. The three-tenant property is located along Old Hickory Blvd near its intersection with Nolensville Road in southern Davidson County. This is a primary retail hub with Walmart, Kroger, Sprouts, and Lowe’s all operating nearby. The densely populated area features over 100,000 residents within 3 miles and a 31,000 daily traffic count. Firestone Complete Auto Care was an original tenant for the center when it was developed almost forty years ago. The company is one of the largest automotive maintenance chains in the United States with over 2,300 locations that are all independently owned by the company.
Investment highlights
- Firestone Corporate Tenant
- Tenant Longevity
- Primary Retail Hub
- Densely Populated Area
- Good Visibility and Access
Listing Contacts
Listed by Colliers - Nashville, Tennessee
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,000.00
$17,500.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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