2381 Elm Hill Pike
Nashville, TN 37214

Fortis Net Lease is proud to present the Sale Leaseback of this free-standing Jack In The Box restaurant in Nashville, TN, one of the nations most attractive real estate markets. The investment is equipped with a 20 year Absolute NNN lease with zero landlord responsibilities and 8% increases every 5 years, a great hedge for inflation. The increases continue through the Two (2) Five (5) year options as well. Jack In The Box is located at the signalized corner of Elm Hill Pike and McGavock Pike, with 2 ingress/egress points on both Elm Hill Pike and Old Elm Hill Pike roads. This is a 24 hour Jack In the Box location surrounded by over 20 National Brand Hotels which are conveniently located to help serve the Nashville International Airport (just south of here) where more than 10,000 flights arrive and depart daily. Additionally in the immediate trade area are large office parks, industrial parks, and major retailers including Fed Ex, Advance Auto Parts, Enterprise, Panera, McDonalds, Waffle House, Taco Bell, Walgreens, Sonic, Jimmy Johns, Wendy’s and many more. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure, & HVAC. Nashville has been described as a "southern boomtown" by numerous publications, with it having the third fastest growing economy in the United States as of 2017. It has been stated by the US Census bureau that Nashville "adds an average of 100 people a day to its net population increase". The Nashville region was also stated to be the "Number One" Metro Area for Professional and Business Service Jobs in America, as well as having the "hottest Housing market in America" as stated by Zillow Real estate is becoming a major driver for the city's economy. Based on a survey of nearly 1,500 real estate industry professionals conducted by PricewaterhouseCoopers and the Urban Land Institute, Nashville ranked 7th nationally in terms of attractiveness to real estate investors for 2016. As of October 2015, according to city figures, there is more than $2 billion in real estate projects underway.