Cap Rate
8.00%
Year Built
2007
Leasable Area
16,536 SF
Term Remaining
±8 Yrs
Property Type
Retail
LEAD LISTING AGENT
Gannon Ethington
Associate
Email
[email protected]
License No.
373272 (TN)
Direct
+1 (615) 789-8730
Mobile
+1 (309) 737-7869
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS:
- 10% rental increase during initial term
- Income tax-free state
- Alamo, TN is located 60 miles northeast of Memphis.
- Notable corporate tenants in the area include Sonic, AutoZone, Subway, Dairy Queen, NAPA Auto Parts, Dollar General
- Easily accessible ingress and egress points
- Over 5,000 residents within a 5-mile radius boasting an average household income of $63,005.
- Less than a mile from Crockett County High School and Middle School – roughly 1,400 students currently enrolled
- Dollar General Market concept – nearly double the size of a normal dollar store concept with an increased amount of consumable goods and essential household items.
- This site is currently paying below market rent at $4.84 per sq/ft.
- Former Fred’s Pharmacy – retrofitted to suit Dollar General Market in 2021
Broker of Record
- Kyle Matthews
- License No. 263667 (TN)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End Ave,
Suite 1500 Nashville, TN 37203