2241 Fairview Blvd
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2241 Fairview Blvd
4,304 SF 100% Leased Retail Building Fairview, TN 37062 £1,292,445 (£300/SF) 6.38% Net Initial Yield
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
Building Size
4,304 SF
Building Class
C
Year Built/Renovated
2011/2023
Price
£1,292,445
Price Per SF
£300
Net Initial Yield
6.38%
NOI
£82,416
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
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
- Service type
-
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 | Service type | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 042-153.02 | Improvements Assessment | £154,216 |
| Land Assessment | £82,560 | Total Assessment | £236,776 |
PROPERTY TAXES
Parcel Number
042-153.02
Land Assessment
£82,560
Improvements Assessment
£154,216
Total Assessment
£236,776
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Presented by
Dwayne Spradlin
2241 Fairview Blvd
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