This exceptional investment opportunity presents a 6,786 square foot AutoZone retail property located at 17481 TN-58, Decatur, TN 37322. The property sits on a 49,222 square foot lot and boasts a strong 5.75% cap rate, generating a net operating income (NOI) of $97,044. The current lease with AutoZone, a national retailer with over 6,400 locations and $17.5 billion in revenue, commenced August 1, 2007, and extends until July 31, 2039, offering a substantial remaining lease term of approximately 14.7 years. The lease includes annual rent bumps of 1.5%, providing consistent income growth. Three 5-year lease options further enhance the long-term value. The property benefits from its strategic location along State Highway 58 North, near Highway 30, experiencing high daily traffic counts averaging 7,246 vehicles. This prime location is surrounded by other established retailers, including Dollar Tree, Piggly Wiggly, McDonald's, Hardee's, Dollar General, and Subway. Decatur, the county seat of Meigs County, Tennessee, offers a favorable business environment, including no state income tax. The area demonstrates strong demographics, with an average household income of $72,664 and a population of 5,302 within a 5-mile radius. The property's proximity to Chattanooga (52 miles) and Knoxville (66 miles) adds to its appeal. This is a rare opportunity to acquire a stable, high-performing net lease investment in a desirable location. The asking price is $1,687,721.
Highlights
AutoZone NNN lease with 15 years remaining, 1.5% annual rent increases in years 21-32.
Investment-grade tenant (AutoZone) with strong financials and national presence.
High-traffic location on Highway 58 (4,834 VPD) and near Highway 30 (7,246 VPD), surrounded by complementary retailers.
Located in a no-income-tax state (Tennessee).
Strong demographics: $72,664 average household income and 5,302 population within a 5-mile radius.
Located in Decatur, TN, the county seat of Meigs County, with proximity to Chattanooga and Knoxville.
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Contacts
Keith Sturm
Deborah Vannelli
Amanda Leathers
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17481 Tn-58, Decatur, Tennessee, 37322
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17481 Tn-58
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