Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Fifth Third Bank at 1919 N Mt. Juliet Road in Mt. Juliet, Tennessee (“Property” or “Asset”). The Property will operate on an absolute NNN ground lease with 20.0 years of primary lease term, 10.0% rent escalations every 5 years and four, five-year renewal options.

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Attributes

Asking price

€2,958,000

Cap rate

4.75%

NOI

€141,000

WAULT

20 years

Building area net

223 m²

Year built

2026

Land area gross

0.4 ha

Media

Investment Highlights

Absolute NNN ground lease with 20.0 years of primary lease term
Investment grade tenancy (‘A’) from S&P
Anchored by new construction Sprouts Farmers Market with 14+ years of term
Outparcel to new Evertte Downs development with tenancy including Sprouts, My Eye Dr, Back Nine, and more
Located in one of the fastest growing and most highly sought after submarkets in Nashville (1-mile AHHI: ~$200K)
Super-regional access via connectivity to I-40 (AADT: ~100K) & N Mt. Juliet Rd (AADT: ~36K)
Nashville is the #1 best investment market in the nation and the #4 fastest growing MSA in the last 3 years