BJ's Brewhouse - Dublin, OH
5141 Tuttle Crossing Blvd, Columbus, OH, 43016, US
THB 162,395,000 | 857 m²
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
THB 107,385,000
Cap rate
4.75%
NOI
THB 5,106,000
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
Contact brokers
Fifth Third Bank - Mt. Juliet, TN (0 Properties)
