For Sale
$1,250,000

508 Henslee DrDickson, TN 37055

High-yield gas station & auto shop investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, multi-tenant retail property located at 508 Henslee Dr, Dickson, TN 37055. The 4,688 square foot building, constructed in 1994 and renovated in 2023, sits on a 0.6-acre lot with 15 parking spaces and 8 gas pumps. The property boasts a prime location at a lighted intersection with an average daily traffic count of 14,000, benefiting from its proximity to Dickson County High School (1,472 students). Currently operating at 100% occupancy with two tenants, the property features a convenience store with a full kitchen and a three-bay garage for a tire and lube shop. Both tenants are under triple net (NNN) leases extending until 2028, generating a current net operating income (NOI) of $97,800, representing a 7.82% cap rate. The property is zoned B3 High Commercial Service and offers significant upside potential through lease options and potential value-added improvements. The asking price is $1,250,000 ($266.64/sq ft). This fee-simple ownership presents a strong, stable income stream in a growing community. The property's features include a hard-corner lot, high visibility, and consistent traffic flow, making it an attractive investment for discerning buyers seeking a reliable and profitable asset.

Highlights

  • Hard corner lot at a lighted intersection.
  • 14,000 average daily traffic count.
  • Adjacent to Dickson County High School (1,472 students).
  • NNN-leased convenience store/gas station until 2028.
  • NNN-leased tire & lube shop (three-bay garage) until 2028.
  • 4,688 SF building with convenience store, kitchen, and three-bay garage.

Property Details for 508 Henslee Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,688 SF
Class
B
Year Built/Renovated
1994/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
26,136 SF
Units
2

Location Insight

City
Dickson
County
Dickson
State
Tennessee
Latitude
36.084423425627
Longitude
-87.385007325229
508 Henslee Dr, Dickson, Tennessee

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508 Henslee Dr
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