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639 S Cumberland St 4,500 SF Retail Building Lebanon, TN 37087 $3,000,000 ($666.67/SF) 6.41% Cap Rate
Investment Highlights
- Panera exercised first renewal option, showing site-level commitment and profitability.
- Wilson County — fastest growing county in TN with ~3.1% annual population growth.
- Acquired by JAB Holding Company in 2017 for $7.5 billion; 2,187+ locations.
- Walmart outparcel across from Lowe's with traffic counts exceeding 24,000 VPD.
- 10% rent increases every 5 years and at each option period.
- Nashville MSA — annual GDP exceeding $204.9 billion, one of the nation's hottest destinations.
Executive Summary
Broker Of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,500 SF
Building Class
B
Year Built
2017
Price
$3,000,000
Price Per SF
$666.67
Cap Rate
6.41%
NOI
$192,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.01 AC
Zoning
C - Commercial
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- May 2027
Panera Bread began in 1987 with the opening of its first bakery-cafe, built around a sourdough starter and a bakery-cafe format that helped define fast casual dining. The company serves a menu centered on baked goods, sandwiches, soups, salads, coffee, and other complementary items, with dine-in, pickup, delivery, and catering among its service channels. Panera Bread operates a broad bakery-cafe presence in the United States and Canada and continues to position bread and fresh food at the center of its business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | May 2027 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 081-034.00 | Improvements Assessment | $251,880 |
| Land Assessment | $176,240 | Total Assessment | $428,120 |
Property Taxes
Parcel Number
081-034.00
Land Assessment
$176,240
Improvements Assessment
$251,880
Total Assessment
$428,120
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