Properties

ULTA, Hendersonville, TN

1032 Glenbrook Way
Hendersonville, TN 37075

PROPERTY SOLD

Property: Investment Sales

Price: $2,775,000

Cap Rate: Call

Description:

• 18 miles northeast of downtown Nashville at Vietnam Veterans Blvd and Exit 6
• Part of the 500,000+ SF Glenbrook shopping and entertainment district
• 10,000 SF retail store developed on a .50 acre pad between Target and Kohl’s
• ULTA commenced a 10 year lease in October 2011 with rent bumps every 5 years
• The financed transaction closed escrow on November 2011 for $2,775,000
• The buyer was a small private institutional investor out of the Northeast