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Whataburger 15yr Ground Lease | Nashville MSA 195 S James M Campbell Blvd 3,305 SF Retail Building Columbia, TN 38401 $5,118,373 CAD ($1,548.68 CAD/SF) 4.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Corporate, 15-Year Abs NNN Ground Lease with Whataburger Restaurants, LLC
  • Columbia is the county seat of the #1 Fastest Growing County in TN (out of 95 counties)
  • No State Income Tax In TN! Zero Landlord Responsibilities!
  • Premium Frontage along 27,400 VPD Retail Road, Just West of Hwy 31 with nearly 18,000 additional VPD
  • Prototypical Whataburger Building is currently Under Construction with Early 2026 Completion Date
  • Scheduled Base Rent Increases (10% Bumps Every 5 Years Throughout Initial Term and Option Periods)

EXECUTIVE SUMMARY

Premium, Absolute NNN, 15-Year Ground Lease with Whataburger Restaurants LLC (1,100+ Stores in 17 States, $4B+ Annual Revenue, 51,000 employees)
Scheduled Rent Increases (10% Rent Bumps every 5 years, throughout initial term and option periods)
High-Growth Suburb of Nashville: Columbia is the county seat of Maury County (the Fastest Growth County in TN out of 95 counties), and is part of the Nashville MSA with over 2,150,000 residents.
Building is currently under construction and will be completed in Early 2026, sitting adjacent to brand new Panda Express and Liberty Federal Credit Union.
Great Visibility and Accessibility to over 27,400 vehicles per per day on South James Campbell Blvd, just west of US Highway 31, with an additional 17,960 VPD.
Growing Retail Area within close proximity to First Watch, ALDI, Chick-Fil-A and Walmart Supercenter.
Prototypical Whataburger construction with Double Drive-Thru
No State Income Tax in Tennessee.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,305 SF
Building Class
B
Year Built
2025
Price
$5,118,373 CAD
Price Per SF
$1,548.68 CAD
Cap Rate
4.50%
NOI
$230,327 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.19 AC
Zoning
GCS - General Commercial

NEARBY MAJOR RETAILERS

First Watch
Zaxby's
United Community Bank
Starbucks
McAlister's Deli
Applebee's
Waffle House
Dutch Bros
Regions Bank
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
113E-B-004.00
Land Assessment
$512,096 CAD
Improvements Assessment
$0 CAD
Total Assessment
$512,096 CAD
  • Listing ID: 38158013

  • Date on Market: 2025-10-21

  • Last Updated:

  • Address: 195 S James M Campbell Blvd, Columbia, TN 38401

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