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35 Mooreland Dr
Springfield, TN 37172
35 Mooreland Drive · Retail Property For Sale
Investment Highlights
- Leased to Whataburger, a rapidly expanding QSR brand with strong Southeast growth
- Highly visible location fronting Memorial Blvd/US Hwy 41 with ±25,000 vehicles per day
- Located in Springfield, a fast-growing Nashville suburb experiencing strong residential and retail growth
- 15-year NNN ground lease with three (3) five-year renewal options
- Situated at a signalized intersection offering strong access and customer circulation
Executive Summary
This offering presents a newly built Whataburger ground lease at 35 Mooreland Drive in Springfield, Tennessee. The 1.32-acre site features a 3,305 SF drive-thru QSR building delivered in 2024, backed by a 15- year NNN lease with a rapidly expanding national tenant. The property enjoys prime frontage on Memorial Blvd/US Hwy 41, excellent visibility to ±25,000 vehicles per day, and direct access at a signalized intersection. Positioned in a fast-growing Nashville suburb, the location benefits from strong population growth, expanding retail demand, and long-term stability in a high-traffic corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,305 SF
Building Class
B
Year Built
2024
Price
$3,272,592 CAD
Price Per SF
$990.19 CAD
Cap Rate
5%
NOI
$163,630 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.32 AC
Zoning
Commercial
Parking
27 Spaces (8.17 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 091B-F-032.00 | Improvements Assessment | $429,146 CAD |
| Land Assessment | $326,168 CAD | Total Assessment | $755,314 CAD |
Property Taxes
Parcel Number
091B-F-032.00
Land Assessment
$326,168 CAD
Improvements Assessment
$429,146 CAD
Total Assessment
$755,314 CAD
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