Matthews Logo

Navigation Menu

724 Presidents Pl, Smyrna, TN, 37167

FIRST BANK
closed

Key Information

Cap Rate
5.5%
Tot. SF
4,085
Year Built
2005
Term Remaining
±12.5 YRS
Type
Retail
NOI
$200,000

Highlights

  • Long-Term Lease Security – First Bank Recently Executed a 10-Year Lease Extension, Providing Over ±12.5 Years of Term Remaining on an Absolute Nnn Lease With 10% Rental
    Increases Every Five Years.
  • Attractive Branch Performance – This Location Demonstrates Strong Banking Activity With Deposits Exceeding $55.9 Million, Highlighting Its Stability Within the Local Market.
  • Zero Landlord Responsibilities – the Absolute Nnn Lease Structure Eliminates Landlord Obligations, Offering Investors a Truly Passive, Management-Free Income Stream.
  • Trophy Retail Location – Positioned Along Sam Ridley Parkway West With Traffic Counts Exceeding ±44,000 Vpd, the Property is Surrounded by National Retailers Including Publix, Target, Home Depot, Starbucks, Chipotle, and the Incoming IN-N-Out Burger.
  • High-Growth Nashville Msa – Located IN One of the Nation’S Fastest-Growing Metro Areas With Over 2 Million Residents, the Asset Benefits From Strong Population Growth, High Household Incomes, and Major New Developments Such as Oracle’S $1.2 Billion Campus, Amazon Expansions, Alliance Bernstein, and the $2.1 Billion Tennessee Titans Stadium.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203