718 S Broadway St
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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)
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
PROPERTY TAXES
Parcel Number | 033O-A-007.00 | Improvements Assessment | £159,480 |
Land Assessment | £79,583 | Total Assessment | £239,063 |
PROPERTY TAXES
Parcel Number
033O-A-007.00
Land Assessment
£79,583
Improvements Assessment
£159,480
Total Assessment
£239,063
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718 S Broadway St
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