For Sale
$1,900,000

442 State Route 8 Dunlap, TN 37327

High-traffic Dunlap, TN grocery store. 7.18% Cap Rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a well-established Save-A-Lot grocery store located at 442 State Route 8, Dunlap, Tennessee, 37327. The property boasts a total of 12,600 square feet, with 8,000 square feet of net rentable space, situated on a 2.8-acre lot. The building, constructed in 1993, is a Class A retail property with four buildings and one story, operating under a Commercial zoning permit. The asking price is $1,900,000, translating to a price per square foot of $150.79 and a compelling 7.18% cap rate. The property's prime location on a highly trafficked highway ensures excellent visibility and accessibility, maximizing its potential for consistent revenue generation. The occupancy date is May 1, 2024. This owner-user investment offers a chance to acquire a thriving grocery store with additional attached leased buildings, providing a steady income stream. Prospective buyers are encouraged to conduct their own due diligence. The property is held under sole proprietorship and is currently for sale by owner.

Highlights

  • Investment opportunity with potential for business expansion.
  • Property sold as-is; buyer to conduct due diligence.
  • Financial information available upon request and subject to confidentiality agreements.

Property Details for 442 State Route 8

Property type
Retail properties, Grocery and convenience stores
Square Feet
12,600 SF
Class
A
Year Built
1993
Buildings
4
Stories
1
Lot Size (sq. ft)
121,968 SF

Location Insight

City
Dunlap
County
Sequatchie
State
Tennessee
Latitude
35.399155595139
Longitude
-85.381198985909

FAQs

What type of property is this?
Retail property - High-traffic Dunlap, TN grocery store. 7.18% Cap Rate.
Where is the retail property located?
The property is located at 442 State Route 8 Dunlap, TN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Investment opportunity with potential for business expansion.; Property sold as-is; buyer to conduct due diligence.; Financial information available upon request and subject to confidentiality agreements.
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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442 State Route 8
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