5000 Old Hickory Blvd
Hermitage, TN 37076
Famous Dave’s: 10+ Yr Absolute NNN Lease · Retail Property For Sale
Property Facts
About 5000 OLD HICKORY BLVD , HERMITAGE, TN 37076
Famous Dave’s has over 10 years remaining on an Absolute NNN lease with 7% rental escalations every 5 years with four 5 year renewal options. The tenant, Famous Five Dining, Inc., is an experienced 4 unit operator in TN. This is a seasoned, high volume location on a large 1.46 acre parcel. Famous Dave’s has been successfully open and operating since 1998 with an attractive 6.23% rent-to-sales ratio! The subject property is located in Hermitage, Tennessee, with high drive-by visibility just off the hard corner. Famous Dave’s is a pad site to a Home Depot Anchored Retail Center and nearby national retailers including Lowe’s, Hobby Lobby, Kroger, Bargain Hunt, Big Lots, Goodwill, Dollar General, O’Reilly Auto Parts, etc. The property is just 8 miles from the Grand Ole Opry, a weekly country-music stage concert, showcasing a mix of famous singers – The Opry is a 4,400-seat theatre with state-of-the-art video, lighting & audio systems. Famous Dave’s is also 1.5 miles from TriStar Summit Medical Center. *In Association With: Southland Realty Corporation
Property Taxes
| Parcel Number | 075-00-0-165 | Improvements Assessment | $522,600 |
| Land Assessment | $636,000 | Total Assessment | $1,158,600 |
Property Taxes
