416 Us-51 Covington, TN 38019
High-yield bank investment, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $1,311,806 asking price for this 3,552 SF retail property in Covington, TN.
- Absolute NNN lease with corporate guarantee, offering a 7.75% cap rate.
- 11-year lease with 3.6 years remaining and two 5-year options; 2% annual rent bumps.
- Located in a designated Opportunity Zone, with 20,000 VPD traffic count.
- Situated near a Walmart Supercenter and other national brand tenants.
Property Details for 416 Us-51
- Property type
- Retail properties, Banks
- Square Feet
- 3,552 SF
- Class
- B
- Year Built/Renovated
- 1994/2018
- Lot Size (sq. ft)
- 34,848 SF
- Units
- 1
Location Insight
- City
- Covington
- County
- Tipton
- State
- Tennessee
- Latitude
- 35.5674037
- Longitude
- -89.6470581
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield bank investment, strong tenant.
- Where is the retail property located?
- The property is located at 416 Us-51 Covington, TN.
- What is the asking price?
- The asking price for this property is $1,311,806.
- What are key features of this property?
- This property features: $1,311,806 asking price for this 3,552 SF retail property in Covington, TN.; Absolute NNN lease with corporate guarantee, offering a 7.75% cap rate.; 11-year lease with 3.6 years remaining and two 5-year options; 2% annual rent bumps.
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