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INVESTMENT HIGHLIGHTS
STRONG GUARANTOR | Restaurant Growth Services, LLC is a majority-owned subsidiary of Cannae Holdings, Inc.
SUPERIOR DEMOGRAPHICS | The property features a population of over 227,000 people within a 5-mile radius and an average household income of over $115,000, according to ESRI.
ASSUMABLE DEBT | The property can be acquired with an attractive assumable CMBS loan, that has approximately 5 years remaining at a low 4.95% interest rate.
PRIME REAL ESTATE LOCATION | The property is located on the South Side of Nashville, in the outer urban location known as 100 Oaks, a dynamic neighborhood of modern offices, medical, restaurants, banks and a variety of retail stores.
TAX-FREE STATE | Tennessee is one of just nine states with zero state-level income tax, providing the opportunity to yield an even greater return on the investment.
10 YEARS LTR | The lease features 10 years of term remaining, with Restaurant Growth Services LLC signing a brand new 15-year lease in 2019.
CORPORATE HEADQUARTERS | 3038 Sidco Drive serves as the Headquarters for Restaurant Growth Services LLC.
ATTRACTIVE ANNUAL ESCALATIONS | The lease features 2% annual escalations through the primary term and renewal option periods.
BELOW MARKET RENT | The current rent is $19.48 psf, which is below the average submarket rent of $25.44 psf for office/flex.
HIGH BARRIERS TO ENTRY | The property is located right off of Interstate 65 within a densely populated and land-constrained submarket cluster. This makes it difficult for new facility construction, making a strong case for continued lease renewal.
FANTASTIC LEASE STRUCTURE | The lease is NNN with the tenant responsible for real estate taxes, insurance, and common area maintenance (CAM).
HIGH BACKFILL POTENTIAL | With access to I-65, multiple entrances for deliveries, close distance to railroad tracks, and a strong retail corridor, the risk of vacancy at the end of the lease is significantly mitigated.
