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718 S Broadway St

9,750 SF Retail Building Portland, TN 37148 £1,139,466 (£117/SF) 7.50% Net Initial Yield

Investment Highlights

  • Stabilized STNL: Tenant has occupied the property since 2016, and recently executed a 5-year lease extension early with an expiration of 2031 and two
  • Frontage on Significant Retail Corridor: Corner parcel with excellent access and visibility along Broadway Street (16,000+ VPD). Located near several
  • Minimal Landlord Responsibility: Dollar Tree leases the property NN, and Landlord responsibility is limited to roof, structure, and structural element
  • Income Tax Free State

Executive Summary

Tenant Recently Executed a 5-Year Extension Early
30 Minutes North of Nashville
No State Income Tax
Frontage on Broadway Street (16,000+ VPD)
Rent Increase in 2026
Minimal Landlord Responsibility (Roof/Structure/Parking Lot)

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,750 SF
Building Class
C
Year Built
2016
Price
£1,139,466
Price Per SF
£117
Net Initial Yield
7.50%
NOI
£85,460
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
30 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
160 ft on Broadway St

Amenities

  • Pylon Sign

Nearby Major Retailers

The Farmers Bank
Planet Fitness
Rent-A-Center
Old Hickory Credit Union
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033O-A-007.00
Land Assessment
£79,583
Improvements Assessment
£159,480
Total Assessment
£239,063
  • Listing ID: 33613378

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 718 S Broadway St, Portland, TN 37148

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