Investment Highlights

ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» New 10-year NNN lease with no landlord responsibilities
» 10% rental increases every five years in initial term and option periods, providing a hedge against inflation
» Tenant is responsible for maintaining the entire property, including the roof, structure, foundation, parking lot, and landscaped areas
» Leased to 400+ Unit Corporate Entity

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Hard corner location with excellent visibility and access to 28,810 vehicles per day on Charlotte Pike
» Convenient access to Interstate 40 (125,898 AADT)
» Close proximity to notable national retailers, including Costco, Target, Dick’s Sporting Goods, Best Buy, Walmart Supercenter, Aldi, Kroger, Lowe’s, Dollar General, AutoZone, and many others

IRREPLACEABLE INFILL LOCATION WITH ROBUST DEMOGRAPHICS
» Minutes from several universities, including Nashville State Community College, with over 9,850 students; Vanderbilt University, with more than 12,590 students and nearly 7,000 employees; and Tennessee State University, with over 9,000 students
» 250,759 daytime employees work and 151,759 residents live within five miles of the property
» Affluent customer base, with average household incomes exceeding $90,000 within three- and five-mile radii

DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Poised for explosive growth

Property Description

SOLDThe property is strategically located at the hard corner of Charlotte Pike and Croley Drive, with excellent visibility and access to 28,810 vehicles per day directly in front of the property. Convenient access to Interstate 40 (125,898 AADT) is located less than a mile away. Charlotte Pike is both a primary thoroughfare—providing access to downtown Nashville—as well as a major retail corridor. Several large shopping centers are located near the property, including Nashville West—anchored by Costco, Target, Dick’s Sporting Goods, Best Buy—and the At Home-anchored Charlotte Center. Other notable retailers in the nearby area include Walmart Supercenter, Aldi, Kroger, Lowe’s, Dollar General, AutoZone, and many others.

Centrally located approximately five miles from downtown Nashville, the property is close to several large universities, major employers, and dense residential neighborhoods. A number of notable colleges are located minutes from the property, including Nashville State Community College, with over 9,850 students; Vanderbilt University, with more than 12,590 students and nearly 7,000 employees; and Tennessee State University, with over 9,000 students. The property is also surrounded by dense residential neighborhoods and large employers. In total, 250,759 employees work within a five-mile radius of the property, and 151,759 residents with an average household income of over $90,000 live within the same area, providing a strong customer base for Take 5 Oil Change.