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2241 Fairview Blvd

4,304 SF 100% Leased Retail Building Fairview, TN 37062 $2,346,300 CAD ($545 CAD/SF) 6.38% Cap Rate

Investment Highlights

  • Located in the center of Fairview, fast growing community in one of the fastest growing Nashville Metro Area counties - Williamson
  • Well maintained and attractive building
  • Only 30 minutes to Nashville and has excellent access to I-40 and I-840
  • 6%+ cap rate, 100% leased with long term NNN contracts at market rates, annual escalations
  • Renovated in 2023
  • Situated on the main thoroughfare of Fairview Blvd (Hwy 100)

Executive Summary

Welcome to 2241 Fairview Blvd, a prime commercial property in one of Tennessee's fastest-growing counties. Built in 2011 and renovated in 2023, it's fully leased to a dentistry practice and a national insurance branch, with leases until 2028 and 2033, each offering two 5-year renewal options. This is fully NNN property boasts a 6.01% cap rate. With its modern design and strategic location, it promises stable income and long-term growth. A top-tier investment opportunity not to be missed! This is a great opportunity to own an income producing property. Fully leased by a pediatric dental practice and a national insurance agency. Both businesses are at the beginning of long-term leases, 10 and 5 years respectively, with two 5-year extension options. Leases are NNN with annual rent escalations.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,304 SF
Building Class
C
Year Built/Renovated
2011/2023
Price
$2,346,300 CAD
Price Per SF
$545 CAD
Cap Rate
6.38%
NOI
$149,617 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.34 AC
Zoning
CG (Commercial General) - zoned for commercial use
Parking
8 Spaces (1.86 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Songbird Pediatric Dentistry
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • State Farm Insurance
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Songbird Pediatric Dentistry Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
State Farm Insurance Services 99,999 SF $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

CrossFit
Publix
Anytime Fitness
Fifth Third Bank
Jefferson's Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
042-153.02
Land Assessment
$149,879 CAD
Improvements Assessment
$279,963 CAD
Total Assessment
$429,842 CAD
  • Listing ID: 34192757

  • Date on Market: 2024-03-29

  • Last Updated:

  • Address: 2241 Fairview Blvd, Fairview, TN 37062

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