Population
715,000
Growth (5Y)
+15.6%
Median Income
$71,000
Metro GDP
$185B
Market Overview
Nashville is arguably the hottest NNN market in the Southeast. The city's no-income-tax policy, booming healthcare sector, and status as a top destination for corporate relocations have created extraordinary demand for single-tenant net lease assets. Cap rates have compressed to some of the lowest in the nation for secondary markets (4.65–6.0%). Dollar General's headquarters in nearby Goodlettsville means NNN investors get particularly strong access to corporate-guaranteed leases from the nation's largest dollar store chain.
Key Highlights
No state income tax — one of only 9 states with zero personal income tax
Dollar General's national headquarters is in Nashville, driving strong corporate lease demand
Healthcare capital of the US — HCA Healthcare and dozens of hospital companies based here
Top destination for young professionals fleeing high-cost coastal cities
Why Invest in Nashville
- 1Zero state income tax creates one of the strongest in-migration corridors in the US
- 2Healthcare industry dominance provides recession-resistant economic base
- 3Dollar General HQ presence means direct access to corporate-guaranteed leases
- 4Strong tourism and entertainment economy supplements retail tenant performance
Recent NNN Activity
"Nashville metro NNN activity hit record levels in 2024 with $620M in single-tenant transactions. The suburban corridors of Franklin, Brentwood, and Murfreesboro dominate new NNN development activity. Dollar General, Starbucks, and McDonald's drive the majority of completed deals."
NNN Snapshot
Cap Rate Range
4.65% - 6%
Price Range
$1.9M - $5.8M
Avg Lease Term
15 Years
Unemployment Rate
3.2%
Active NNN Tenants
Dollar GeneralMcDonald'sStarbucksWalgreensO'Reilly Auto PartsTaco Bell
Major Employers
HCA HealthcareVanderbilt UniversityDollar General HQAllianceBernsteinAmazonOracle
Find NNN Properties in Nashville
Our advisors have exclusive, off-market NNN inventory in the Nashville market right now. Contact us to see what's available before it hits the public market.