Overview
This VSL Nail Spa is situated along U.S. Highway 64 in Oakland, Tennessee. The location benefits from approximately 24,000 vehicles per day and is in a prime location within one of the fastest-growing suburbs in the Memphis MSA (located about 30 miles east of Downtown Memphis.) The surrounding trade area features strong retail synergy with nearby national tenants including Walmart, Kroger, Starbucks, Chick-fil-A, and Walgreens, while more than 1,000 new homes are under construction in the immediate area. Oakland’s affluent demographics ($104,000+ AHHI) combined with long-term economic momentum from Ford’s $5.6 billion BlueOval City project approximately 15 miles away, position the site at the center of sustained residential, retail, and employment-driven expansion.
Investment Highlights
- Brand new construction with multi-unit operator in three states
- VSL Nail Spa has 18+ locations with roughly 50% in the Memphis MSA
- 15-year absolute NNN lease with no landlord responsibilities
- 10% rent increases every 5 years during the initial term and options
- 4,000 SF building with conservative new construction rent at $33 PSF
- Adjacent to recently opened Starbucks (also available for purchase)
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