Investment Highlights
- Long Term Tenant, In Place for Approx. 16 Years Showing a Strong Commitment to the Site
- Corporate Guaranteed, Triple Net (NNN) Lease With Zero Landlord Responsibilities
- One, Five-Year Tenant Renewal Option With 10 Percent Rent Increase in June 2027
- Several Large Apartment Communities are Located Nearby, Totaling Over 1,100 Units
- High Traffic Area, Located on Gallatin Pike With a Daily Traffic Count of 35,000 Vehicles
- Close Proximity to Interstate 65 With a Daily Traffic Count of More Than 152,000 Vehicles and Connects the Area South to Nashville
- 8.5 Miles from Downtown Nashville – the Most Populous City in Tennessee and the State Capital
- Just Minutes from Major Retail Corridor – Tenants Include Walmart Supercenter, The Home Depot, Lowe’s, Target, T.J. Maxx, Best Buy and Many Others
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for TitleMax, located in Madison, TN – Nashville MSA. This is a long-term, corporate guaranteed, triple net (NNN) lease with zero landlord responsibilities. The lease offers one, five-year tenant renewal option with a 10 percent rent increase in June 2027. This is also a long-term tenant, who’s been in place for approximately 16 years showing a strong commitment to the site.
The Tenant is TitleMax, which is one of the nation’s largest title lending companies. TitleMax is currently operating in more than 900 locations spanning 14 states and the company employs more than 2,000 team members.
Madison, Tennessee is located in Davidson County. 8.5 miles north of Nashville, the most populous city in Tennessee and the State Capital. The Nashville metro has a population of nearly 2 million residents.
The Subject Property is located in a high traffic area, located on Gallatin Pike with a daily traffic count of 35,000 vehicles, and off Old Hickory Boulevard with more than 30,000 vehicles daily. Also, within close proximity to Interstate 65 which connects the area south to Nashville and has a daily traffic count of more than 152,000 vehicles. In addition to being just minutes from a major retail corridor with tenants including Walmart Supercenter, The Home Depot, Lowe’s, Target, T.J. Maxx, plus many others; other surrounding national retailers include Walmart Neighborhood Market, Kroger, Aldi, Garden Fresh Food Market, Planet Fitness, Old Time Pottery, Citi Trends, Save a Lot, Rent-A-Center, Advance Auto Parts, CVS, Walgreens, T-Mobile, Cricket Wireless, Bank of America, KFC, McDonald’s, Burger King, Pizza Hut, 7-Eleven and many more.
The immediate area is home to several large apartment communities totaling over 1,100 units. The Property is 7.5 miles from Nissan Stadium which is Nashville’s premier sports and entertainment destination – home field of the NFL’s Tennessee Titans.
Nashville is a major tourist destination and famously known as the Music City, home to hundreds of hotels and live music venues including: six miles from the Grand Ole Opry, eight miles from the Johnny Cash Museum, less than nine miles from the Historic Ryman Auditorium, and nine miles from the Country Music Hall of Fame. The metro is well known as a central location for the country music industry, which provides many local jobs and supports a large portion of the market’s hospitality sector.
Jody McKibben
Broker of Record
(615) 997-2900
Lic #: 307629
