Nashville, TN SunTrust Bank

2915 Nolensville Rd
Lease Type NNN
Cap Rate 5.50%
Property Type Freestanding Building
Building Size ± 3,956 SF
Land Area .787 AC
Property Highlights

Densely Populated Market: Nashville, TN is one of the United States healthiest markets in terms of employment and overall population growth. The city is the most populous in Tennessee, one of the fastest growing large markets in the country, and the states leading economic center. The total MSA of Nashville Region is nearly 2 million within the 13 counties surrounding the city.

Prominent Nashville Location: The population growth in a 3 miles radius has grown over 15% since 2010. The subject site is located at on Nolensville Pike (31,101 VPD), which serves as a main artery in and out of Nashville. The site benefits from full access on Nolensville Pike and the ability to connect to Thompson Lane (Hwy 155).

Quality Investment Opportunity: The Nashville Region continues to be a top market in the United States for Real Estate Investment. The region was listed to be the “Number One” city for Professional and Business Service jobs in the county and is perennially ranked as one of the top three housing markets by companies such as Zillow. The real estate is positioned on a main thoroughfare with full access that brings significant underlying value long term. The lease is guaranteed by an investment grade tenant and was recently renewed for 10 years with no landlord responsibilities and annual rent increases of 1.5 percent.

Nashville is major leader in healthcare, automotive, manufacturing, and entertainment sectors. The city is home to numerous Fortune 500 companies including Dollar General, HCA Holdings, Community Health Systems, LifePoint Health, Delek US Holdings, and Tractor Supply. The city’s population will increase at a faster pace than the nation over the next 5 years. The state has an extremely low tax burden that continues to help Nashville land some of the most highly contested corporations and office projects.