Thorntons - Nashville, TN
3475 Dickerson Pike, Nashville, TN, 37207, US
CN¥35,813,000 | 409 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 1412 W Baddour Parkway in Lebanon, Tennessee (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.3 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
Lebanon is seated in the fastest growing county in Tennessee while being nestled within the #1 statistical area in the U.S. for economic growth. With Wilson County labeled as the fastest growing county in Tennessee and the second wealthiest county in the state, the Lebanon housing market is very competitive.
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Attributes
Asking price
CN¥18,083,000
Cap rate
5.25%
NOI
CN¥949,000
WAULT
12.3 years
Building area net
412 m²
Land area gross
0.62 ha
Media
Investment Highlights
- Operating on an absolute NNN lease with ±12.3 years of lease term remaining and 1.9% annual rent escalations
- Pinnacle Financial Partners is the 2nd largest bank holding company in TN with an investment grade rating (Moody's: Baa2)
- Wilson County is the #1 fastest growing county in Tennessee
- Strong demand characteristics driven by 5-mile AHHI of $101K
- Adjacent to Vanderbilt Wilson County Hospital with 245-beds
- Dense commercial corridor with direct accessibility to 34K VPD
Contact brokers
Pinnacle Bank - Lebanon, TN (Baddour Pkwy) (0 Properties)
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Last updated
5 May 2025
