217 Largo Dr | Nashville, TN 37211
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217 Largo Dr
Nashville, TN 37211
Hooters | Nashville, TN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Visibility Location
- Established Tenant
- Thriving Market
EXECUTIVE SUMMARY
Absolute NNN Lease -
Absolute NNN Master lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 8 years of term remaining, and corporate guarantee.
Established Tenant -
Long-term, established tenant with a solid operator. This property has a large guarantor, HOA Holdco, LLC, which has 350+ company-owned and franchised restaurants.
Strategic Location -
The property is ideally situated close to a variety of business parks and residential complexes, with convenient access to Nashville International Airport. Located southeast of downtown Nashville, it enjoys a vibrant surrounding area that offers a rich blend of outdoor recreation, shopping, dining, and entertainment options.
High Visibility Location -
Positioned at the busy junction of I-24 and Hwy 255, the property receives exceptional visibility and convenient access.
Thriving Market -
Nashville ranks as the 10th fastest-growing city in the U.S. for 2024. The area within a 10-mile radius of the property boasts a population of over 608,000, with an impressive average household income exceeding $103,000.
Absolute NNN Master lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 8 years of term remaining, and corporate guarantee.
Established Tenant -
Long-term, established tenant with a solid operator. This property has a large guarantor, HOA Holdco, LLC, which has 350+ company-owned and franchised restaurants.
Strategic Location -
The property is ideally situated close to a variety of business parks and residential complexes, with convenient access to Nashville International Airport. Located southeast of downtown Nashville, it enjoys a vibrant surrounding area that offers a rich blend of outdoor recreation, shopping, dining, and entertainment options.
High Visibility Location -
Positioned at the busy junction of I-24 and Hwy 255, the property receives exceptional visibility and convenient access.
Thriving Market -
Nashville ranks as the 10th fastest-growing city in the U.S. for 2024. The area within a 10-mile radius of the property boasts a population of over 608,000, with an impressive average household income exceeding $103,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,070 SF
Building Class
C
Year Built
1978
Price
$4,230,769
Price Per SF
$697.00
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
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 134-13-0-247 | Improvements Assessment | $387,880 |
| Land Assessment | $144,960 | Total Assessment | $532,840 |
PROPERTY TAXES
Parcel Number
134-13-0-247
Land Assessment
$144,960
Improvements Assessment
$387,880
Total Assessment
$532,840
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