Starbucks | 290 Hicks Rd
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Starbucks 290 Hicks Rd
3,327 SF Retail Building Nashville, TN 37221 $3,638,000 ($1,093/SF) 5.80% Cap Rate
Investment Highlights
- Brand New 10-Year Corporate Net Lease to Starbucks (NASDAQ: SBUX)
- Relocation Site from Strong Performing Inline Location
- 1.5 Miles from the Highly Trafficked Interstate 40 Arterial – 98,167 AADT
- Scheduled 10% Rental Escalations in Primary Term & Options
- Prominent Retail Location Neighboring Numerous Top-Performing Major Retail Tenants
- Annual Population Growth Rate of 1.5% within 10 Miles of Site
Executive Summary
The subject property is prominently located with excellent access and visibility along Highway 70 South (37,798 AADT) near its junction with Interstate 40 (65,660 AADT). The site is approximately 13 miles from downtown Nashville and benefits from robust demographics with a population of 296,428 and average household income of $158,577 within a 10 mile radius.
The property benefits from a prominent retail location neighboring numerous shopping centers and major retail tenants. Nearby retail centers include Bellevue Valley Plaza, anchored by Kroger (1.1 million annual visits per Placer.ai) and ALDI (379,000 annual visits); Bellevue Plaza, anchored by TJ Maxx; Bellevue Place, featuring The Home Depot (970,300 annual visits), Goodwill (top 10% of locations nationwide), and Walgreens (349,100 annual visits, top 30% of locations nationwide); Belle Forest Shopping Center, anchored by Red Spirits and Wine; and Bellevue Center, featuring Publix (1.2 million annual visits, top 15% location nationwide), Sprouts (366,600 annual visits & #2 Location in Tennessee), and Homegoods (223,800 annual visits).
This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions. (TN License #261721)
The property benefits from a prominent retail location neighboring numerous shopping centers and major retail tenants. Nearby retail centers include Bellevue Valley Plaza, anchored by Kroger (1.1 million annual visits per Placer.ai) and ALDI (379,000 annual visits); Bellevue Plaza, anchored by TJ Maxx; Bellevue Place, featuring The Home Depot (970,300 annual visits), Goodwill (top 10% of locations nationwide), and Walgreens (349,100 annual visits, top 30% of locations nationwide); Belle Forest Shopping Center, anchored by Red Spirits and Wine; and Bellevue Center, featuring Publix (1.2 million annual visits, top 15% location nationwide), Sprouts (366,600 annual visits & #2 Location in Tennessee), and Homegoods (223,800 annual visits).
This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions. (TN License #261721)
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,327 SF
Building Class
B
Year Built
2024
Price
$3,638,000
Price Per SF
$1,093
Cap Rate
5.80%
NOI
$211,004
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC
Zoning
CL
Parking
16 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
40 FT on Us-70s Hwy
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 142-00-0-368 | Improvements Assessment | $561,960 |
| Land Assessment | $435,600 | Total Assessment | $997,560 |
PROPERTY TAXES
Parcel Number
142-00-0-368
Land Assessment
$435,600
Improvements Assessment
$561,960
Total Assessment
$997,560
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Starbucks | 290 Hicks Rd
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