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4040 Lebanon Pike
Hermitage, TN 37076 Outer Donelson-Hermitage

$2,856,074 USD

Freestanding For Sale  •  11,400 SF

Property Details

• Property Type Freestanding
• Total Building Size 11,600 SF
• Lot Size 1.4 AC
• Building Class C
• Year Built 1972
• Cap Rate 6.00 %
• Tenancy Single
• Zoning CL

25 Transit Score

59 Walk Score

Highlights

Strong Credit Tenant – SiteOne Landscape Supply (NYSE: SITE) holds a Ba2 credit rating from Moody’s.

Great Visibility – The property benefits from approximately ±35,700 vehicles passing by daily on Lebanon Pike.

Dense Retail Corridor – The property is surrounded by national retailers such as Truist, Dutch Bros Coffee, Mattress Firm, Aspen Dental, Hobby Lobby,

Attractive Rent Increases – SiteOne’s lease includes 2.5% annual rent increases, offering a hedge against inflation.

Value-Add Component – A new investor can negotiate a new lease with Lamar for the billboard on the property.

Essential Business – SiteOne locations remained operational during the COVID-19 pandemic.

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Furniture & Merchandise Outlet		1/31/2014
SiteOne Landscape Supply

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hermitage (East Corridor Line - Tennessee Regional Transportation Authority Music City Star (Music City Star))	4 min	-	1.8 mi
Donelson (East Corridor Line - Tennessee Regional Transportation Authority Music City Star (Music City Star))	6 min	-	3.7 mi
Airport	Drive	Walk	Distance
Nashville International	12 min	-	7.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes