For Sale
$1,687,721

17481 Tn-58Decatur, TN 37322

High-Yield AutoZone Investment, TN

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 17481 Tn-58

Property type
Retail properties, Auto shops
Square Feet
6,786 SF
Year Built
2007

Location Insight

City
Decatur
County
Meigs
State
Tennessee
Latitude
35.518534
Longitude
-84.7903764
17481 Tn-58, Decatur, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
17481 Tn-58
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message