Listed by Echo Retail, Colliers - Nashville, Tennessee
$3,909,000
Jim 'N Nick's Bar-B-Q
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,200
Cap Rate 5.50%
NOI $215,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/29/2040
Remaining Term 14
Rent Bumps Yes
Lease Options Four (4) Five-Year Options
Year Built 2025
Acreage 1.240
Investment Type Net Lease
Lease Commencement 03/01/2025
Ground Lease Yes
Retail | 5.50% CAP | 4,200 SqFt
Marketing description
Colliers is the exclusive sale advisor for a single tenant Jim 'N Nick's ground lease in Clarksville, TN. The absolute net-leased asset is one year into an original term of fifteen years. It is located along Airborne Center Road next to the brand-new Walker Farms Publix anchored center and a host of other retailers, restaurants, and service providers in the heart of Clarksville. This full-service restaurant chain has been serving award-winning barbecue and southern-inspired cuisine for over 30 years. The Jim 'N Nick's chain was purchased by Roark Capital in 2017 which is a premier operator with over $38 billion in assets under management. There are 62 Jim 'N Nick's operating currently throughout the southern United States.
Investment highlights
- NEW CONSTRUCTION - Jim 'N Nick's opened this location in 2025.
- PROVEN BRAND - Jim 'N Nick's has been around for over 30 years and has 61 locations. They are now owned by prestigious private equity company Roark Capital who is a dominant national force with numerous well-known brands.
- A+ LOCATION - The property is in a new Clarksville retail hub anchored by the Walker Farms Publix center.
- HIGH-GROWTH MARKET - The 3-mile population is projected to grow 10% over the next 5 years. Clarksville is a prominent bedroom community on the northern edge of the Nashville MSA.
- COLLEGE TOWN - Austin Peay University has over 11,000 students less than 4 miles away.
- FORT CAMPBELL ARMY BASE PROXIMITY - The base has over 30,000 active-duty soldiers and is a major economic generator for the market. It is home to the 101st Airborne Division, located 10 miles to the West.
Listing Contacts
Listed by Echo Retail, Colliers - Nashville, Tennessee
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$215,000.00
$17,916.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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