224 Main St Lobelville, TN 37097
10,500 SF, 9.3-year lease, 7.5% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Brand new Family Dollar store with a new 10-year lease.
- Strong tenant in a tertiary market with comp sales exceeding 20%.
- NNN lease; landlord responsible only for roof and structure.
- Average household income within 5 miles is $83,223.
- Limited direct competition from other discount stores.
- Four 5-year options with $0.50/SF rent increases.
Property Details for 224 Main St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,500 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 50,530 SF
Location Insight
- City
- Lobelville
- County
- Perry
- State
- Tennessee
- Latitude
- 35.7750201
- Longitude
- -87.781919
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - 10,500 SF, 9.3-year lease, 7.5% cap rate.
- Where is the retail property located?
- The property is located at 224 Main St Lobelville, TN.
- What is the asking price?
- The asking price for this property is $1,610,000.
- What are key features of this property?
- This property features: Brand new Family Dollar store with a new 10-year lease.; Strong tenant in a tertiary market with comp sales exceeding 20%.; NNN lease; landlord responsible only for roof and structure.
- How can I contact the broker?
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