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Moon Valley Nurseries | New 10yr Abs NNN Grd 1065 Saundersville Rd 1,680 SF Retail Building Hendersonville, TN 37075 $6,340,076 CAD ($3,773.85 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Brand New Construction | Options To Extend | Scheduled Rental Increases
- State Highway 386 (64,600 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Moon Valley Nursery investment property located in Hendersonville, Tennessee (Nashville MSA). The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in year 6 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Founded in Phoenix, Arizona in 1995, Moon Valley Nurseries is the largest fully-integrated nursery and box tree grower in the United States, now operating 19 farms and 48 retail locations across Arizona, California, Nevada, Florida, Tennessee and Texas, with more than 5,000 acres of nursery property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,680 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$6,340,076 CAD
Price Per SF
$3,773.85 CAD
Cap Rate
6%
NOI
$380,432 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.84 AC
Zoning
SR-1
Parking
41 Spaces (24.4 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146-004.02 | Improvements Assessment | $0 CAD |
| Land Assessment | $134,524 CAD | Total Assessment | $134,524 CAD |
PROPERTY TAXES
Parcel Number
146-004.02
Land Assessment
$134,524 CAD
Improvements Assessment
$0 CAD
Total Assessment
$134,524 CAD
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Moon Valley Nurseries | New 10yr Abs NNN Grd | 1065 Saundersville Rd
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