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First Bank 724 President Pl 6,585 SF Retail Building Smyrna, TN 37167 $3,636,364 ($552.22/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease Security – First Bank Recently Executed a 10-Year Lease Extension, Providing Over ±12.5 Years of Term Remaining on an Absolute Nnn Lea
- Zero Landlord Responsibilities – the Absolute Nnn Lease Structure Eliminates Landlord Obligations, Offering Investors a Truly Passive, Management-Free
- High-Growth Nashville Msa – Located IN One of the Nation’S Fastest-Growing Metro Areas With Over 2 Million Residents, the Asset Benefits From Strong P
- Attractive Branch Performance – This Location Demonstrates Strong Banking Activity With Deposits Exceeding $55.9 Million, Highlighting Its Stability W
- Trophy Retail Location – Positioned Along Sam Ridley Parkway West With Traffic Counts Exceeding ±44,000 Vpd, the Property is Surrounded by National Re
EXECUTIVE SUMMARY
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- -
- $23.01
- Triple Net
- Feb 2028
FirstBank started in 1906 as Farmers State Bank when local banks in West Tennessee were not just creating profits. They were creating the towns and communities like Scotts Hill where their flagship branch remains today. Times change, but the things that make being part of a community great, like strong ties and trusted relationships, never change. That’s why they remained local, making what they had learned as a community bank their business model. Staying local, their reputation got around. FirstBank has grown through organic growth and mergers for doing the banking that matters. Community banking.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | - | $23.01 | Triple Net | Feb 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 028I-A-005.02-000 | Improvements Assessment | $285,560 |
| Land Assessment | $656,320 | Total Assessment | $941,880 |
PROPERTY TAXES
Presented by
First Bank | 724 President Pl
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