2241 Fairview Blvd 4,304 SF 100% Leased Retail Building Fairview, TN 37062 $1,570,000 ($364.78/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the center of Fairview, fast growing community in one of the fastest growing Nashville Metro Area counties - Williamson
- Well maintained and attractive building
- Only 30 minutes to Nashville and has excellent access to I-40 and I-840
- 100% leased with long term NNN contracts at market rates, annual escalations
- Renovated in 2023
- Situated on the main thoroughfare of Fairview Blvd (Hwy 100)
EXECUTIVE SUMMARY
Welcome to 2241 Fairview Blvd, a prime commercial property in one of Tennessee's fastest-growing counties. Built in 2011 with significant tenant improvements in 2023, it's fully leased to a dentistry practice and a national insurance branch, with leases until 2028 and 2033, each offering two 5-year renewal options. This is fully NNN property boasts a 7% cap rate. With its modern design and strategic location, it promises stable income and long-term growth. A top-tier investment opportunity not to be missed! This is a great opportunity to own an income producing property. Both businesses are early in long-term leases, 10 and 5 years respectively, with two 5-year extension options. Leases are NNN with annual rent escalations.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,304 SF
Building Class
C
Year Built/Renovated
2011/2023
Price
$1,570,000
Price Per SF
$364.78
Cap Rate
7.01%
NOI
$110,008
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.34 AC
Zoning
CG (Commercial General) - zoned for commercial use
Parking
8 Spaces (1.86 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Songbird Pediatric Dentistry
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- State Farm Insurance
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Songbird Pediatric Dentistry | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| State Farm Insurance | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 042-153.02 | Improvements Assessment | $196,880 |
| Land Assessment | $105,400 | Total Assessment | $302,280 |
CONTACT
-
Dwayne Spradlin - Dwayne Spradlin
