Matthews Logo

Navigation Menu

1680 Bonnie Lane, Cordova, TN, 38016

Cordova Family Dental

$2,186,880

Key Information

Cap Rate
7.5%
Tot. SF
6,644
Lot Size
0.5 Acres
Year Built
2000
Term Remaining
± 14 Years
Type
Retail
NOI
$164,016

Highlights

• Hands-Off Property Ownership: Operating under an Absolute NNN lease with no landlord obligations, requiring the tenant to pay for all upkeep, replacements, taxes, and insurance.
• Long-Term Lease Security: Features 14 years of remaining lease term, ensuring strong long-term cash flow security.
• Hedge Against Inflation: Features attractive 2% annual rent increases to continually enhance investor yield over time.
• Strong Cash Flow Asset: Delivers a significant current Net Operating Income (NOI) of $164,016.
• Future Extension Options: Offers two (2) 5-year renewal options beyond the primary term expiration in 2040.
• Family-Centric Suburban Market: Positioned in Cordova, an established, tree-lined residential and retail hub experiencing steady suburban growth.
• Established Local Demographics: Benefits from a highly concentrated community boasting a Median Household Income of $82,500 within a 1-mile radius.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203