For Sale
$1,941,938

11 Church St Lexington, TN 38351

NNN Leased Storefront, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 1,400 square foot, single-tenant storefront in Lexington, Tennessee. The property, built in 2019, boasts a brand new 11-year absolute NNN lease with a prominent corporate guarantor, Advance Financial, a well-established Tennessee-based company with over 100 locations. The lease features a 6.50% cap rate and a substantial NOI of $126,226, with built-in 2% annual rent increases. Situated on a highly visible 0.21-acre corner lot on Church Street, this property offers minimal landlord responsibilities and significant long-term income potential. The lease includes two 5-year renewal options, ensuring continued income stream. The asking price is $1,941,938, translating to $1,387.10 per square foot. The property is zoned commercial and benefits from being located in a state with no income tax. This is a turnkey investment ideal for passive income seekers. The property's strong tenant, favorable lease terms, and prime location make it a compelling addition to any portfolio. The building is a single-story structure, and the property's APN is 082I-E-013.00. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a thriving market.

Highlights

  • $1,941,938 asking price for a 1,400 SF storefront in Lexington, TN.
  • New 11-year absolute NNN lease with 2% annual rent increases.
  • Zero landlord responsibilities.
  • Corporate guarantee from Advance Financial, with over 100 Tennessee locations.
  • Located in a highly visible corner location on Church Street, Lexington, TN.
  • 6.50% cap rate with a $126,226 NOI.

Property Details for 11 Church St

Property type
Retail properties, Retail space
Square Feet
1,400 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
9,148 SF
Units
1

Location Insight

City
Lexington
County
Henderson
State
Tennessee
Latitude
35.6508412
Longitude
-88.3939302

FAQs

What type of property is this?
Retail property - NNN Leased Storefront, High ROI
Where is the retail property located?
The property is located at 11 Church St Lexington, TN.
What is the asking price?
The asking price for this property is $1,941,938.
What are key features of this property?
This property features: $1,941,938 asking price for a 1,400 SF storefront in Lexington, TN.; New 11-year absolute NNN lease with 2% annual rent increases.; Zero landlord responsibilities.
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.
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11 Church St
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