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DOM: 46 Updated: 07.08.24 Posted: 02.25.24 Status: Sold     04.11.24

Summary

Price $2,800,000 $3,048,000
Built/Renov 2023
Tenant Joybridge Kids
Cap Rate 6.53% 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,432
Lease Start 10-30-2023
#Units 9
Price/SF $515.46 $561.12
Expiration 10-31-2038
Tenant Type Medical/Health
NOI $182,880
R. Term 13.4
Ownership Fee Simple
Rent/SF $33.67
Increases 1.3%/1/yrs
Pop 5Mi 110,891
Lot/AC 0.89
Options 3/5yrs/1.25%
AHHI 5Mi $80,689

Highlights

  • New 2023 construction
  • Joybridge Kids recently executed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 1.25% annual rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Joybridge Kids is strategically situated on Old Nashville Highway, with access to 9,270 vehicles passing by daily, just off of Sam Ridley Parkway (55,533 VPD). Surrounding the property are national tenants including Advance Auto Parts, Hardee's, ALDI, Wendy's, Goodwill, and more. Additionally, in the vicinity, there are key community establishments such as Cedar Grove Elementary School, Smyrna...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Joybridge Kids
  • Guarantor:Corporate
  • Company:Joybridge Kids
  • # Units:9
  • Stock:Private

About Tenant

Joy Bridge Kids is a company that serves children with autism spectrum disorder and their families. With a focus on best-in-class clinical quality, their passionate team fulfills their mission...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,089 57,729 121,036
2023 Total Population : 7,668 53,460 112,156
2023 Employed Civilian Pop : 4,066 28,048 58,075
2023 Total Businesses : 172 1,569 2,491
2023 Average Household Income : $ 80,103 $ 92,274 $ 95,352
2023 Total Consumer Spending : $ 210 M $ 1577 M $ 3230 M
2023 Median Age : 37 36 36
2023 Total Households : 3,025 19,739 39,206
2023 Pop Age 25+: Bachelor's Degree : 1,040 7,215 14,388
2023 Average Home Value : $ 308,650 $ 302,640 $ 335,256
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Todd Lane Mason Tucker Dr 2022 1,381 0.50 mi
ENON SPRINGS RD. W. Mead Ave 2021 7,749 0.52 mi
ROCK SPRINGS RD. Odom Ct 2021 6,448 0.81 mi
ENON SPRINGS RD. W. Ridley St 2021 7,871 0.95 mi
FRONT ST. Richardson St 2021 5,724 1.05 mi
Rock Springs Road Henricks Hill Dr 2022 14,047 1.06 mi
Hazelwood Dr College St 2003 4,510 1.10 mi
US 41;US 70S Morgan Ave 2021 24,383 1.15 mi
Enon Springs Road West S Lowry St 2022 10,811 1.22 mi
Hazelwood Drive Denny Brooke Ln 2022 7,979 1.32 mi

Listing Broker

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