• An Award Winning Net Lease & Retail Commercial Real Estate Group

Dairy Queen | Outparcel to a Kroger Anchored Center

2540 Memorial Blvd, Springfield, TN 37172, USA
$1,075,200

Description

Marcus & Millichap is pleased to present for sale this Dairy Queen in Springfield, Tennessee just north of Nashville.
Dairy Queen recently signed a 10 year absolute NNN lease with 10 percent increases in rent every five years and three (five year) option periods to extend. The property is located on Highway 11 (Memorial Boulevard) with traffic counts exceeding 26,000 vehicles per day and sits as an outparcel to a Kroger anchored center. Retailers in the immediate vicinity include Kroger, AT&T, Walgreens, McDonalds, Tractor Supply, Burger King, Hardee’s, KFC, Little Caesars, Arby’s, and numerous others.
Springfield is a city in Robertson County, Tennessee, just north of Nashville. The area has seen sustained growth and demand has continued to remain elevated. As a result of strong demographic
and market fundamentals, construction, especially as part of larger mixed-use developments, has picked back up as retailers continue to be drawn here.

  • 10 Year Absolute NNN Lease with 10% Increases every 5 Years
  • New Lease Extension Showing Commitment to the Site
  • Strong Guarantee with Large Operator | 220 Units
  • Outparcel to Kroger Anchored Center
  • High Traffic Counts | 26,000+ Vehicles per Day
  • Fee Simple Asset Allowing for Depreciation
  • Tennessee is No Income Tax State

Property Documents

  • City: Springfield
  • State/county: Tennessee
  • Zip/Postal Code: 37172
  • Country: United States

Detail

  • Price: $1,075,200

Features