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First Bank 724 President Pl 6,585 SF Retail Building Smyrna, TN 37167 $5,030,509 CAD ($763.93 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease Security – First Bank Recently Executed a 10-Year Lease Extension, Providing Over ±12.5 Years of Term Remaining on an Absolute Nnn Lea
- Zero Landlord Responsibilities – the Absolute Nnn Lease Structure Eliminates Landlord Obligations, Offering Investors a Truly Passive, Management-Free
- High-Growth Nashville Msa – Located IN One of the Nation’S Fastest-Growing Metro Areas With Over 2 Million Residents, the Asset Benefits From Strong P
- Attractive Branch Performance – This Location Demonstrates Strong Banking Activity With Deposits Exceeding $55.9 Million, Highlighting Its Stability W
- Trophy Retail Location – Positioned Along Sam Ridley Parkway West With Traffic Counts Exceeding ±44,000 Vpd, the Property is Surrounded by National Re
EXECUTIVE SUMMARY
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- -
- $31.83 CAD
- Triple Net
- Feb 2028
FirstBank Mortgage operates as a division of FirstBank, a financial institution founded in 1906 and headquartered in Nashville, Tennessee. The mortgage division was established in the 1990s and focuses on providing home purchase loans, refinancing options, and related lending services across the Southeastern United States. The company offers in-house underwriting, closing, and funding to streamline the mortgage process for borrowers. FirstBank Mortgage emphasizes local decision-making and community-based lending, with offices primarily in Tennessee, Alabama, Georgia, and Kentucky. It is part of FB Financial Corporation, which trades on the NYSE under the ticker symbol FBK. As of 2025, FirstBank Mortgage operates approximately 58 locations and employs hundreds of mortgage professionals dedicated to supporting homeownership initiatives.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | - | $31.83 CAD | Triple Net | Feb 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 028I-A-005.02-000 | Improvements Assessment | $402,494 CAD |
| Land Assessment | $925,076 CAD | Total Assessment | $1,327,570 CAD |
PROPERTY TAXES
Presented by
First Bank | 724 President Pl
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