434 Main St, Goodlettsville, TN 37072

4,000 SF | Retail Building | Goodlettsville, TN 37072 | $1,854,000 ($464/SF) | 6.15% Cap Rate

Asking Price $1,854,000

Property Type: Retail
Square Feet: 4,000 SF
Price / Square Foot: $464

Listing Contacts

Property Overview

Corporate Lease with Fortune 500 Company
- Sherwin Williams has over 4,900 locations and employs over 61K people
- Market cap of $63.89B (NYSE: SHW)
- 2022 EOY sales increased to 11.1% to a record $22.15B
Located on Retail Corridor
- Over 988K SF of retail space located in a 1 -mile radius
- 11.3K SF of retail space is currently under construction
- The vacancy rate is around 0.4%
- Nearby National Retailer Include: Starbucks, Hardee's, and Krystal
High Growth Nashville MSA
- Nashville MSA was ranked #1 In PWC's annual US Real Estate Markets to Watch in 2024
- Approximately 98 people move to Nashville a day
Strong Market for Tenant's Need
- Nashville ranked 3rd in large metros building the most homes (construction coverage)
- ~28K home building permits authorized in 2022
- 32.8 permits authorized per 1k homes
Accessible and Visible Location
- Property fronts N. Main St (21K VPD)
- Approximately 0.75 miles to I-65 (99k VPD)
- Over 580 apartments are located within 1-mile of the site
10-Year Build-to-Suit
- New construction built with Sherwin's newest store layout
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term

Property Details

Class: B
Year Built: 2023
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 36,590 SF

Highlights

Corporate Signed Lease
Nashville, TN - High Growth Market
Market Need - Nashville Ranked 3rd, Amongst Large Metros, in Home Building

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