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.
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.
This property has been used as a restaurant and a used-car dealership in the past. Very diverse property
Owner/user or investment property. Current tenant may be willing to stay. Great value for the square footage.
Retail Strip Center 15,675 SF
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.
CURRENT INCOME $190,560 TRIPLE NET LEASE OPENED NOV. 2009. NEW 15 YEAR TERM AT CLOSING TEN PERCENT INCREASE EVERY FIVE YEARS TWO FIVE YEAR OPTIONS 3600 SQUARE FOOT BUILDING ALL BRICK - BUILT 2009 ON 1.18 AC PRICE $2,399,000 / CAP OF 7.94%
Extensive equipment and furnishings included