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718 S Broadway St

9,750 SF Retail Building Portland, TN 37148 $1,454,700 ($149/SF) 7.50% Cap Rate

Retail Buildings Tennessee Portland 718 S Broadway St, Portland, TN 37148

Investment Highlights

  • Stabilized STNL: Tenant has occupied the property since 2016, and recently executed a 5-year lease extension early with an expiration of 2031 and two
  • Frontage on Significant Retail Corridor: Corner parcel with excellent access and visibility along Broadway Street (16,000+ VPD). Located near several
  • Minimal Landlord Responsibility: Dollar Tree leases the property NN, and Landlord responsibility is limited to roof, structure, and structural element
  • Income Tax Free State

Executive Summary

Tenant Recently Executed a 5-Year Extension Early
30 Minutes North of Nashville
No State Income Tax
Frontage on Broadway Street (16,000+ VPD)
Rent Increase in 2026
Minimal Landlord Responsibility (Roof/Structure/Parking Lot)

Attachments

Dollar Tree - Portland, TN (OM)

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,750 SF
Building Class
C
Year Built
2016
Price
$1,454,700
Price Per SF
$149
Cap Rate
7.50%
NOI
$109,103
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.19 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
30 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
160 FT on Broadway St

Amenities

  • Pylon Sign
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718 S Broadway St, Portland, TN - aerial map view

Nearby Major Retailers

The Farmers Bank
Planet Fitness
Rent-A-Center
Old Hickory Credit Union
Food Lion

PROPERTY TAXES

Parcel Number 033O-A-007.00 Improvements Assessment $203,600
Land Assessment $101,600 Total Assessment $305,200

PROPERTY TAXES

Parcel Number
033O-A-007.00
Land Assessment
$101,600
Improvements Assessment
$203,600
Total Assessment
$305,200
(904) 930-4015

Contact

  • Listing ID: 33613378

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 718 S Broadway St, Portland, TN 37148

More public record information on 718 S Broadway St, Portland, TN 37148

The Retail Property at 718 S Broadway St, Portland, TN 37148 is currently available for sale. Contact Prime Realty, Inc. for more information.

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718 S Broadway St
(904) 930-4015 x

718 S Broadway St

Alex Minoofar

(904) 930-4015

(904) 930-4015

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