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Hooters | Nashville, TN 217 Largo Dr

6,070 SF Retail Building Nashville, TN 37211 $4,230,769 ($697/SF) 6.50% Cap Rate

Investment Highlights

  • Absolute NNN Master lease with zero LL responsibilities, over 8 years of term remaining, and corporate guarantee.
  • The property is ideally situated close to a variety of business parks and residential complexes, with convenient access to Nashville Intl. Airport.
  • Located in a thriving market, Nashville ranks as the 10th fastest-growing city in the U.S. for 2024.
  • Long-term, established tenant with a solid operator. The large guarantor, HOA Holdco, LLC, has 350+ company-owned & franchised restaurants.
  • Positioned at the busy junction of I-24 and Hwy 255, the property receives exceptional visibility and convenient access.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,070 SF
Building Class
C
Year Built
1978
Price
$4,230,769
Price Per SF
$697
Cap Rate
6.50%
NOI
$275,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.04 AC
Zoning
CS
Parking
60 Spaces (9.88 Spaces per 1,000 SF Leased)
Frontage
187 FT on Largo Dr

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage

Nearby Major Retailers

Hooters
Bar-B-Cutie
Waffle House
Fitness 1440

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
134-13-0-247
Land Assessment
$144,960
Improvements Assessment
$387,880
Total Assessment
$532,840
  • Listing ID: 33327546

  • Date on Market: 9/27/2024

  • Last Updated:

  • Address: 217 Largo Dr, Nashville, TN 37211

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