STNL Property Video
Price
$715,000
The Deal in 30 Seconds
Deal Highlights
Long Term Returns: With +13 years of term remaining on a corporately guaranteed lease, you can be sure your Strickland Brothers will provide a stable return for the foreseeable future.
Tenant Strength: Strickland Brothers has proven its growth trajectory with 337% sales growth and 140% unit growth from 2021-2023, in addition to a $200 million private equity infusion in 2023.
Building Boom: Notable developments in Franklin include 60 units of affordable housing (<1 mile from Strickland Bros.), and a mixed-use development with 30 homesites and retail space coming in phase one (2.4 miles from Strickland Bros.). In addition, national tenants Aldi, Chick-Fil-a, Starbucks, and Aspen Dental just came to Franklin’s retail corridor (1.6 miles from Strickland Bros.).
7.75%
Cap Rate
Absolute NNN
Lease Type
Term Remaining
+13 Years
$55,440
NOI
2,108 sqft
Bldg Size
0.52 Acres
Lot Size
1994/2023
Year Built
$68,415
3 Mile HHI
12,184
3 Mile Pop
Landlord Responsibilities: None



