Purchase Price | $6,400,000 |
---|---|
Annual Rental Income | $448,000 |
Cap Rate | 7% |
Lease Term | 10 Years |
City | Nashville MSA |
Starbucks-Anchored Multi-Tenant Retail Center Investment Opportunity
Nashville, TN MSA
Four-Tenant Retail | Long-Term Leases | National & Local Tenants
This offering presents an exceptional opportunity to acquire a Starbucks-anchored multi-tenant retail center located in the high-growth Nashville, Tennessee Metropolitan Statistical Area. With Starbucks as the anchor tenant, alongside Jimmy John’s, BurgerFi, and a well-established local nail salon, the property offers investors secure, diversified rental income from a strong mix of national and local tenants. Positioned on a prime parcel along a major retail corridor, this center combines long-term lease stability, strong demographics, and excellent visibility, making it a premier passive investment.
Location and Market Overview
The Nashville MSA is one of the fastest-growing regions in the United States, with more than 2 million residents and consistent year-over-year population and employment growth. Known for its thriving healthcare, education, technology, and music industries, Nashville attracts both corporate relocations and new residents, fueling significant residential and commercial expansion.
The property benefits from a strategic location along a primary arterial roadway with daily traffic counts exceeding 49,000 vehicles. The area features a strong mix of grocery anchors, national retailers, and service providers, creating a robust retail corridor. The center’s proximity to residential neighborhoods, schools, and employment hubs ensures strong and steady customer traffic.
Demographics
The property is supported by excellent demographics. Within a three-mile radius, the population exceeds 88,000 residents with average household incomes approaching $118,000. Expanding to five miles, the population grows to more than 210,000, underscoring the density and affluence of the Nashville market. These strong consumer fundamentals make the location ideal for national tenants like Starbucks, Jimmy John’s, and BurgerFi.
Property Details
The retail center consists of approximately 9,800 square feet situated on a 1.8-acre parcel. Constructed to modern standards with attractive architectural design, the property offers excellent curb appeal, energy-efficient systems, and convenient parking.
The property features strong visibility, excellent ingress and egress, and ample on-site parking for customers.
Lease Structure and Tenant Mix
The center features long-term lease commitments across the tenant roster, with a weighted average lease term of approximately 9 years. Starbucks, Jimmy John’s, and BurgerFi operate under corporate or franchise-backed leases with scheduled rental increases, while the local nail salon provides stable supplemental income and tenant diversification.
All tenants operate under net lease structures, with tenants responsible for property taxes, insurance, and common area maintenance, minimizing landlord responsibilities.
Surrounding Area and Trade Drivers
The property is surrounded by established residential communities, top-rated schools, and major employment centers. Its location in a highly trafficked retail corridor ensures steady daily consumer demand. Nashville’s consistent in-migration, coupled with its strong economic base, supports long-term retail performance and makes the market one of the most desirable for national tenants.
Investment Highlights
Buyer Profile and Financing
This property is well-suited for 1031 exchange buyers, REITs, family offices, and institutional investors seeking a secure, diversified net lease investment with long-term upside. The combination of Starbucks as the anchor tenant and complementary national and local tenants provides strong credit security and excellent lender confidence.
Conclusion
This Starbucks-anchored multi-tenant retail center in the Nashville MSA represents a best-in-class investment opportunity. Featuring strong national tenants, long-term leases, and a prime location in one of the fastest-growing and most affluent markets in the Southeast, the property offers investors predictable income, low management requirements, and long-term value appreciation.
Qualified investors are encouraged to request the offering memorandum, tenant lease abstracts, and financial details.