Speedy Cash
Nashville, TN (Murfreesboro)
Price: $1,528,500Cap Rate: Building SF: 2,157 SFLot Size: 29,621 SFYear Built: 1980/Ren 2014Status: Under Contract

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Investment Highlights: 

Growing National Tenant – Corporate Guaranty – The lease is guaranteed by Speedy Cash Holdings Corp.(S&P: B Stable), one of the largest and fastest growing providers of short-term loans and financial services in the United States, Canada and the UK.

Absolute NNN Lease with No Landlord Responsibilities – Speedy Cash commenced a new 15 year lease on June 1, 2014 (14 years remaining). In addition, the Absolute NNN lease gives the Landlord zero management responsibilities.

Excellent Rent Growth -This lease provides for 10% annual rent increases every five years including each of the (3) 5-year Option Periods.

Highly Visible Signalized Corner Location – The subject property is located at the signalized intersection of Memorial Blvd/TN SR-10 (36,000 cpd) and Northfield Blvd (23,000 cpd), offering excellent visibility.

Strong Retail Synergy – The subject property is located along a major retail corridor, with nearby neighbors including Walmart Supercenter, Walgreens, McDonald’s, True Value, Taco Bell, KFC, Dairy Queen, Baskin Robbins, Wendy’s, Gold’s Gym, Dollar General, Regions Bank, and many more.

Excellent Demographics – The property is surrounded by a dense commercial and residential population, with over 110,000 residents within a 5-mile radius of the site with an average HH income of $63,000. The unemployment rate in Murfreesboro is only 4.4%, which exceeds nearby Nashville (4.7%) and the national average (6.30%).


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977