Nashville Shopping Center | Nashville, NC
Sands Investment Group is Pleased to Exclusively Offer For Sale the 52,636 SF Nashville Shopping Center Asset Located at 731 East Washington Street in Nashville, NC. This Deal Includes an Opportunity to Convert Three Month-to-Month Leases to Mark-to-Market Immediately After Acquisition Leading to a Projected Cap Rate of 7.70% After New Leases Are Executed.
- Piggly Wiggly Desires to Extend to a Long-Term Lease in 2028; This is the Number 6 Ranked Store Out of 51 in North Carolina According to PlacerAI; in 2024, They Did $10.2M in Sales Leading to a 1.5% Rent-to-Sales Ratio
- Opportunity to Convert Three Month-to-Month Leases to Mark-to-Market, Leading to a Month 9 Projected Cap Rate of 7.70%
- Potential Upside By Bringing Rents to Market and Converting Leases to Triple Net; Only Two of the 9 Tenants Are Currently Responsible For TICAM Reimbursement
- Nashville Has Continued YoY Population Growth as it Benefits From the Migration Happening to the Suburbs of Raleigh
- Unique Opportunity to Purchase Grocery Anchored Shopping Center in North Carolina For a Low Rate of $79 PSF on the Building and $18 PSF on the Land
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021
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