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35 Mooreland Drive 35 Mooreland Dr 3,305 SF Retail Building Springfield, TN 37172 $2,400,000 ($726.17/SF) 5% Cap Rate
Investment Highlights
- Leased to Whataburger, a rapidly expanding QSR brand with strong Southeast growth
- Highly visible location fronting Memorial Blvd/US Hwy 41 with ±25,000 vehicles per day
- Located in Springfield, a fast-growing Nashville suburb experiencing strong residential and retail growth
- 15-year NNN ground lease with three (3) five-year renewal options
- Situated at a signalized intersection offering strong access and customer circulation
Executive Summary
This offering presents a newly built Whataburger ground lease at 35 Mooreland Drive in Springfield, Tennessee. The 1.32-acre site features a 3,305 SF drive-thru QSR building delivered in 2024, backed by a 15- year NNN lease with a rapidly expanding national tenant. The property enjoys prime frontage on Memorial Blvd/US Hwy 41, excellent visibility to ±25,000 vehicles per day, and direct access at a signalized intersection. Positioned in a fast-growing Nashville suburb, the location benefits from strong population growth, expanding retail demand, and long-term stability in a high-traffic corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,305 SF
Building Class
B
Year Built
2024
Price
$2,400,000
Price Per SF
$726.17
Cap Rate
5%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
Commercial
Parking
27 Spaces (8.17 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Whataburger
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Whataburger | Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 091B-F-032.00 | Improvements Assessment | $314,720 |
| Land Assessment | $239,200 | Total Assessment | $553,920 |
Property Taxes
Parcel Number
091B-F-032.00
Land Assessment
$239,200
Improvements Assessment
$314,720
Total Assessment
$553,920
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35 Mooreland Drive | 35 Mooreland Dr
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