FirstBank - Smyrna, TN

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the FirstBank located at 724 President Place in Smyrna, Tennessee (“Property” or “Asset”). FirstBank is operating on an absolute NNN lease with ±2.7 years of primary lease term remaining, annual rent escalations, four, five-year renewal options and zero landlord responsibilities.

FirstBank is positioned as an outparcel to The Marketplace at Smyrna, Smyrna’s largest retail development. The center is shadow anchored by a Super Target and Kohl’s and generates 3.6 million visits annually while ranking in the top 7% of most visited shopping centers in TN and the top 9% in the nation (Placer.ai). Part of a Planned Unit Development (PUD), the Marketplace at Smyrna serves as the main entrance for “Grand Oak at Town Park”, a garden-style community offering 300 luxury apartment residences.