Log In/Sign Up
Your email has been sent.
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
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
35 Mooreland Drive | 35 Mooreland Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.