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Fifth Third Bank 5343 Murfreesboro Rd 2,400 SF Retail Building La Vergne, TN 37086 $3,456,757 CAD ($1,440.32 CAD/SF) 4.75% Cap Rate
Investment Highlights
- Abs. NNN Ground Lease: New 20 year lease with no landlord responsibilities providing completely passive ownership.
- Signalized Access: The shopping center benefits from a new traffic signal along Murfreesboro Rd. (25,250 VPD) at the entrance
- Investment Grade Credit Tenant: Fifth Third is a leading financial institution with an investment grade credit rating of A- (S&P).
Executive Summary
Aldi Anchored Shopping: The property is part of a newly developed Aldi anchored shopping center featuring Chipotle, Panda Express, a convenience store, and three future pads.
Large Daytime Population: La Vergne is home to Nissan’s assembly plant and has a total of 8.4mm SF of industrial with approximately 22,000 employees within 2 miles.
Growing Nashville MSA Market: Strong local population with over 50,000 people earning an average household income of $80,400 with 2.4% YoY population growth.
Large Daytime Population: La Vergne is home to Nissan’s assembly plant and has a total of 8.4mm SF of industrial with approximately 22,000 employees within 2 miles.
Growing Nashville MSA Market: Strong local population with over 50,000 people earning an average household income of $80,400 with 2.4% YoY population growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,400 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,456,757 CAD
Price Per SF
$1,440.32 CAD
Cap Rate
4.75%
NOI
$164,196 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.77 AC
Frontage
50’ on Murfreesboro Road
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 014-072.10-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $319,536 CAD | Total Assessment | $319,536 CAD |
Property Taxes
Parcel Number
014-072.10-000
Land Assessment
$319,536 CAD
Improvements Assessment
$0 CAD
Total Assessment
$319,536 CAD
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Fifth Third Bank | 5343 Murfreesboro Rd
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