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Restaurant

Andy's Frozen Custard | Strong Growth Nashville Suburb | Non-Income Tax State

1387 Nashville Pike, Gallatin, TN 37066

Listing Price: $3,745,360

Cap Rate
5.00%
Tenant Name
Andy's Frozen Custard
Years Remaining On Lease
19.7
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$2,496.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$124.85

Investment Overview

Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2016, Falcon Custard is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Nashville, Tennessee Area. Including the subject property, Falcon Custard operate a total of four Andy's in Tennessee, with plans to open three more by 2024. Gallatin is a city in and the county seat of Sumner County, Tennessee, home to an estimated 44,400 residents. Located 20 miles northeast of Nashville, Gallatin balances small-town charm with big-city amenities, including recreational, educational, and economic opportunities. Gallatin boasts high-paying jobs, low taxes, a robust economy, a thriving arts scene, and a vibrant retail environment.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • Four-Unit Franchisee with Plans to Open Three More Locations by 2024
  • Rapidly Growing Location Within the Nashville MSA - Households Projected to Increase Over 15 Percent Within the Trade Area by 2026
  • New High-Quality 2022 Construction with a Drive-Thru
  • Excellent Visibility and Easy Access Along Nashville Pike (Over 20,500 Cars per Day), Offering a Direct Route to Downtown Nashville
  • Adjacent to Lowe's and Surrounded by Other National Tenants - Publix Super Market, Dutch Bros Coffee, Discount Tire, and More
  • Across from Volunteer State Community College's Main Campus (9,150-Plus Students)

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Restaurant

Andy's Frozen Custard | Strong Growth Nashville Suburb | Non-Income Tax State

Listing Price: $3,745,360

Cap Rate
5.00%
Tenant Name
Andy's Frozen Custard
Years Remaining On Lease
19.7
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$2,496.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$124.85

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • Four-Unit Franchisee with Plans to Open Three More Locations by 2024
  • Rapidly Growing Location Within the Nashville MSA - Households Projected to Increase Over 15 Percent Within the Trade Area by 2026
  • New High-Quality 2022 Construction with a Drive-Thru
  • Excellent Visibility and Easy Access Along Nashville Pike (Over 20,500 Cars per Day), Offering a Direct Route to Downtown Nashville
  • Adjacent to Lowe's and Surrounded by Other National Tenants - Publix Super Market, Dutch Bros Coffee, Discount Tire, and More
  • Across from Volunteer State Community College's Main Campus (9,150-Plus Students)

Investment Overview

Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Established in 2016, Falcon Custard is a franchisee that focuses on operating Andy's Frozen Custard in the Greater Nashville, Tennessee Area. Including the subject property, Falcon Custard operate a total of four Andy's in Tennessee, with plans to open three more by 2024. Gallatin is a city in and the county seat of Sumner County, Tennessee, home to an estimated 44,400 residents. Located 20 miles northeast of Nashville, Gallatin balances small-town charm with big-city amenities, including recreational, educational, and economic opportunities. Gallatin boasts high-paying jobs, low taxes, a robust economy, a thriving arts scene, and a vibrant retail environment.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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