Marcus & Millichap has been selected to exclusively market for sale a single-tenant, freestanding Advance Financial in La Vergne, TN, part of the Nashville MSA. The property is subject to a brand new fifteen year absolute net lease that includes 2.25% annual rental increases in both the primary term and two, five-year renewal options. There is a corporate guarantee from Advance Financial. This store has been recently converted to an Advance Financial branch as part of their rapidly-expanding 64 branch network in Tennessee. This location is larger than the typical branch (1,500-4,500 SF), which Advance Financial plans to use for future corporate operations space, making it a logical core asset for the company.
Building tenants:Music Shop Sale Price: $475,000
Advance Auto Parts stores typically prefer +/- 0.75 to 1.25 acres of land and a +/- 7,000 SF rectangular stand-alone building. This asset is one of those prototypical Advance Auto Parts stores which, by location and design, lends itself to a wide array of long-term reuse options. New roof finished this December.
Single tenant has remaining 7 years on 10-year lease.
Free standing building on 1 acre lot, land available for expansion
Retail Strip Center 15,675 SF
Northfield Crossing Shopping Center is a 77,189 SF retail shopping center located at a strategic intersection on 10.92 acres in Murfreesboro, TN (Nashville MSA). This investment opportunity offers a Buyer immediate cash flow while offering significant value-add opportunities over time through both lease-up and rent raising or mid-term redevelopment of a property located in one of the fastest growing markets in the country. The property is located just off an intersection with over 60,000 vehicles per day (TDOT), and offers abundant parking, excellent visibility and large pylon signage on Memorial Blvd. The shopping center is currently 91% leased by a combination of National/Credit Tenants, many of whom have been in place for over 10 years. An investor has the opportunity to leverage the property and achieve double digit returns from day-one while controlling nearly 11 acres of land at a strategic and high traffic intersection in a rapidly growing market.
MOTIVATED SELLER with OTHER interests. PLEASE DO NOT BOTHER EMPLOYEES! O'Charley' s, Inc., headquartered in Nashville, TN. O' Charley' s, Inc. was purchased by Fidelity National Finance and taken private. American Blue Ribbon Holdings, LLC is a subsidiary of Fidelity National Finance. American Blue Ribbon Holdings, LLC and its subsidiaries operate several concepts: O' Charley' s, 99 Restaurants, Village Inn, Max & Erma' s, Baker' s Square, and Legendary Baking. Annual Rent Increases of 1.75%*. Primary 20 year Lease Expires 10/31/23 PLUS 4 Five Year Options to Extend the Lease. CURRENT ANNUAL NET RENT $217,759. NEXT RENT INCREASE OF 1.75%* OCT. 17, 2015 *See Rent Addendum. SEND QUESTIONS or COMMENTS by EMAIL. They always find me. RARELY AVAILABLE FOR PHONE CALLS.
Long-standing and reputable family car wash business.