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Thrive Pet Care 811-813 Wedgewood Ave 7,400 SF 100% Leased Retail Building Nashville, TN 37203 $4,300,000 ($581.08/SF) 5.87% Cap Rate



INVESTMENT HIGHLIGHTS
- National Tenant with Corporate Guarantee
- 5 Minutes from Downtown and 12 South South
- Rock throw to the Interstate
- Long Term Lease with Escalations
- Busy Location
EXECUTIVE SUMMARY
National Vet Tenant with a Corporate Guarantee. Solid location within minutes of Downtown, Belmont, Vanderbilt, I-65, and 12 South.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,400 SF
Building Class
C
Year Built/Renovated
1960/2015
Price
$4,300,000
Price Per SF
$581.08
Cap Rate
5.87%
NOI
$252,314
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
CS
Parking
28 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (81)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
19,945
123,282
255,609
376,645
2029 Population
20,192
125,934
258,058
395,122
2024-2029 Projected Population Growth
1.2%
2.2%
1.0%
4.9%
Median Age
29.7
32.3
33.8
34.9
College Degree + Higher
52%
55%
50%
31%
Daytime Employees
10,830
290,993
369,647
475,941
Total Businesses
1,356
22,975
31,397
42,378
Average Household Income
$113,815
$102,475
$101,623
$114,757
Median Household Income
$68,555
$66,953
$66,904
$83,695
Total Consumer Spending
$257.5M
$1.7B
$3.4B
$5.1B
2024 Households
8,416
58,176
115,340
164,988
Average Home Value
$728,415
$635,068
$585,325
$658,291
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 105-10-0-175 | Improvements Assessment | $622,480 |
| Land Assessment | $562,800 | Total Assessment | $1,185,280 |
PROPERTY TAXES
Parcel Number
105-10-0-175
Land Assessment
$562,800
Improvements Assessment
$622,480
Total Assessment
$1,185,280
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Thrive Pet Care | 811-813 Wedgewood Ave
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