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Jim 'N Nicks - Nashville MSA - 15yr NNN Lease 264 E Main St 4,900 SF 100% Leased Retail Building Hendersonville, TN 37075 $6,037,114 CAD ($1,232.06 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 15-Year Absolute NNN Lease with Zero LL Responsibilities
  • Just East of 48,000vpd intersection at Indian Lake Blvd, shadow anchored by Publix, Kroger, etc.
  • No State Income Tax In Tennessee | Affluent Nashville Suburb with $136,000+ AHHI in 5 miles
  • Premium frontage on E Main Street (US Hwy 31E) in between brand new Chick-Fil-A and Valvoline
  • Great Accessibility and Visibility with cross-access to 3 entrances on E Main Street, include new traffic signal
  • Jim 'N Nicks is majority-owned by Roark Capital, a private equity group with $40 billion in assets under management

EXECUTIVE SUMMARY

Premium, 15-Year, Corporate, Absolute NNN Ground Lease with Jim 'N Nicks Bar-B-Q in the Nashville-suburb of Hendersonville, Tennessee.
15 Year Initial Term, Four 5-Year Options, with Zero Landlord Responsibilities, and 10% Rent Bumps Every 5 Years as a hedge against inflation.
Site sits adjacent to brand new Chick-Fil-A and Valvoline Instant Oil Change, which are also available for purchase.
Brand new Jim 'N Nick's Bar-B-Q with double drive-through and 54-parking spaces on approximately 1.53 acres with rent commencing in November 2025
Site has access to 3 different curb cuts along East Main Street (US Highway 31E), including a new traffic light scheduled to be installed at Maple Row Boulevard.
Affluent Suburb of Nashville, with Average Household Incomes of $136,000+ within 5 miles of the site, located in Tennessee, with NO state income tax!
Other nearby retailers and restaurant uses include Publix, Kroger, Lowe's Home Improvement, Raising Canes, Starbucks, and In-N-Out Burger.
Jim 'N Nicks is majority-owned by Roark Capital, a private equity group with $40 billion in assets under management. Roark brands generate approximately $96 billion in annual system revenues from 109,000+ locations located in 50 states and 121 countries, spanning multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Building Size
4,900 SF
Year Built
2026
Construction Status
Under Construction
Price
$6,037,114 CAD
Price Per SF
$1,232.06 CAD
Cap Rate
5.50%
NOI
$332,014 CAD
Percent Leased
100%
Building Height
1 Story

NEARBY MAJOR RETAILERS

Dutch Bros
Kroger
Publix
Truist
Regions Bank
Waffle House
Starbucks
HOTWORX
Sam's Southern Eatery
Whitt's Barbecue

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
159I-D-029.00
Land Assessment
$637,013 CAD
Improvements Assessment
$0 CAD
Total Assessment
$637,013 CAD
  • Listing ID: 37905595

  • Date on Market: 2025-10-01

  • Last Updated:

  • Address: 264 E Main St, Hendersonville, TN 37075

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