For Sale
$736,000

7603 Us-70Bartlett, TN 38133

High-yield NNN storefront, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1,840-square-foot storefront located at 7603 US-70 in Bartlett, Tennessee, within the established Appling Crossing neighborhood center. The property sits on a 0.64-acre lot and is currently 100% leased to Thryve Chiropractic & Kinetics under a Net Lease (NNN) agreement. The lease term is five years, with a built-in 3.5% rent increase in year four. The current annual net operating income (NOI) is $53,360, generating a compelling 7.25% capitalization rate. The asking price for this turnkey retail investment is $736,000, translating to a price per square foot of $400. This property offers a stable, long-term investment with a strong tenant in a desirable location, making it an attractive option for investors seeking a high-yield, low-maintenance asset. The property's location in Bartlett, Shelby County, Tennessee (zip code 38133) provides excellent visibility and accessibility. This is a brand new outparcel offering a secure and profitable investment opportunity. The property's strong tenant and favorable lease terms make it a low-risk, high-reward investment.

Highlights

  • NNN Lease, 5-Year Term
  • $53,360 Annual NOI, 3.5% increase in Year 4
  • 7.25% Cap Rate
  • $736,000 Asking Price

Property Details for 7603 Us-70

Property type
Retail properties, Retail space
Square Feet
1,840 SF
Lot Size (sq. ft)
27,878 SF

Location Insight

City
Bartlett
County
Shelby
State
Tennessee
Latitude
35.229557
Longitude
-89.809657
7603 Us-70, Bartlett, Tennessee

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7603 Us-70
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