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.

View Listing Documents

Gallery View Map Street View

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)

Dominic Sulo

First Vice President Investments

(630) 570-2171

Email Dominic

License(s): IL: 475.134920

Chicago Oak Brook
Brett Winger

Associate

(630) 570-2159

Email Brett

License(s): IL: 475.173343

Chicago Oak Brook

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

4119 Lebanon Pike, Hermitage, TN 37076

View Listing Documents

Gallery View Map Street View

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.

Dominic Sulo

First Vice President Investments

(630) 570-2171

Email Dominic

License(s): IL: 475.134920

Chicago Oak Brook
Brett Winger

Associate

(630) 570-2159

Email Brett

License(s): IL: 475.173343

Chicago Oak Brook

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

Investment Overview

Investment Highlights

Exclusively Listed By

Dominic Sulo

Brett Winger

Broker of Record

Jody McKibben

Restaurant

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

Listing Price: $2,350,000

Investment Highlights

Investment Overview

Exclusively Listed By

Dominic Sulo

Brett Winger

Broker of Record

Jody McKibben

Restaurant

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

Listing Price: $2,350,000

Investment Overview

Investment Highlights

Exclusively Listed By

Dominic Sulo

Brett Winger

Broker of Record

Jody McKibben

Restaurant

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

Listing Price: $2,350,000

Investment Highlights

Investment Overview

Exclusively Listed By

Dominic Sulo

Brett Winger

Broker of Record

Jody McKibben

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