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639 S Cumberland St, Lebanon, TN, 37087

PANERA BREAD
$3,042,189

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Highlights

INVESTMENT HIGHLIGHTS

  • PREMIER LOCATION IN NASHVILLE MSA – Walmart outparcel located across from Lowe’s Home Improvement seeing over 24,000 VPD.
  • FASTEST GROWING COUNTY IN TN – Wilson County has seen sustained growth as one of the premier Nashville suburbs, bolstering an annual population growth of 3.1%.
  • LARGE BUILDING & PARCEL SIZE – The property features a 3,468-square-foot building situated on 1.01 acres of land. Future owners have limitless reuse options.
  • RENTAL INCREASES – This lease has a scheduled 10% rental increase every 5 years & option period.
  • CORPORATE GUARANTY – Panera was acquired by JAB Holdings Company in 2017 for $7.5 billion. They operate over 2,187 Panera Bread locations in the United States as well as Einstein Bros. Bagels, Caribou Coffee, & Krispy Kreme.
  • NASHVILLE MSA – One of the hottest tourist destinations in the country, with an annual GDP over $204.9 billion. Many national retailers are moving to Middle TN, & In-N-Out Burger just relocated their national headquarters to Middle TN.

 

Location

Agents

Broker of Record

Hutt Cooke

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

Key Information

Cap Rate
5.75%
$ per SF
$676
Tot. SF
3,468
Year Built
2017
Term Remaining
±2 YRS
Type
Retail
NOI
$174,925