For Sale
$600,000

435 Main StHohenwald, TN 38462

Prime QSR location, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple Sonic Drive-In in Hohenwald, Tennessee, presents a compelling redevelopment opportunity for developers or users. Located at 435 E Main St, this 1,173 square foot property sits on a highly visible 100+ foot frontage along E Main St, a major retail thoroughfare with approximately 11,880 vehicles passing daily. The property boasts a strong retail presence, neighboring Walmart, Hardee's, McDonald's, and other national brands. Currently operating under a NNN lease with 1.4 years remaining, the property offers a $600,000 asking price, a 5.50% cap rate, and a $33,000 NOI. Built in 1975, this single-tenant property is a top performer, ranking in the 79th percentile for Sonic locations nationwide, with over 460,000 annual visitors according to AlphaMaps data. This location offers significant upside potential for those seeking to capitalize on its prime location and high foot traffic. The property's strong performance and location make it an attractive investment opportunity. The property is located in Lewis County, Tennessee, zip code 38462.

Highlights

  • Redevelopment opportunity: Fee-simple Sonic Drive-In offers strong upside potential for developers or users.
  • High foot traffic: Top 79th percentile for Sonic locations nationwide, exceeding 460,000 annual visitors (AlphaMaps).
  • Excellent visibility: 100+ foot frontage on E Main St, a major thoroughfare with ~11,880 vehicles daily.
  • Strong retail presence: Located near Walmart, Hardee's, McDonald's, and other national brands.
  • High-performing location: Currently operating under a NNN lease with 1.4 years remaining; $600,000 asking price, 5.50% cap rate, $33,000 NOI.

Property Details for 435 Main St

Property type
Retail properties, Restaurants
Square Feet
1,173 SF
Year Built
1975

Location Insight

City
Hohenwald
County
Lewis
State
Tennessee
Latitude
35.5507992
Longitude
-87.5421879
435 Main St, Hohenwald, Tennessee

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435 Main St
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