Restaurant

Hooters | 19%+ Increase in Rent in 1st 3 Years | 15+ Years Remaining | Nashville MSA

4119 Lebanon Pike, Hermitage, TN 37076

Listing Price: $2,350,000

Cap Rate
5.75%
Tenant Name
DW Restaurant Holder, LLC
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
Absolute Net
Rent Per Square Feet
$26.75

Investment Overview

The Sulo Group at Marcus & Millichap is pleased to present a Hooters in Hermitage, TN.

Investment Highlights

  • Absolute NNN Lease: Zero Landlord Responsibilities
  • Recent Lease Extension: 15 Plus Years Remaining
  • 12.5 Percent Rent Increase in Year Two of the Lease
  • Nashville MSA (1.9 Million Residents)
  • Remodeled by Tenant in 2016
  • Positioned along Main Commercial Thoroughfare: Lebanon Pike and Old Hickory Blvd (64,000 CPD)

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Restaurant

Hooters | 19%+ Increase in Rent in 1st 3 Years | 15+ Years Remaining | Nashville MSA

Listing Price: $2,350,000

Cap Rate
5.75%
Tenant Name
DW Restaurant Holder, LLC
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
Absolute Net
Rent Per Square Feet
$26.75

Investment Highlights

  • Absolute NNN Lease: Zero Landlord Responsibilities
  • Recent Lease Extension: 15 Plus Years Remaining
  • 12.5 Percent Rent Increase in Year Two of the Lease
  • Nashville MSA (1.9 Million Residents)
  • Remodeled by Tenant in 2016
  • Positioned along Main Commercial Thoroughfare: Lebanon Pike and Old Hickory Blvd (64,000 CPD)

Investment Overview

The Sulo Group at Marcus & Millichap is pleased to present a Hooters in Hermitage, TN.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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