For Sale
$2,800,000

2010 Genesis Rd Crossville, TN 38555

High-yield, net-leased auto shop. Excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 6,889 square foot, single-tenant net-leased auto parts retail building located at 2010 Genesis Rd, Crossville, TN 38555. The property boasts a strong 5.49% cap rate and a substantial net operating income (NOI) of $153,600. The lease, with a corporate guarantee from an investment-grade tenant (Baa3 Moody's Credit Rating), features a remaining term of 14.5 years, with four 5-year renewal options. Rent increases of 10% every five years throughout the initial term and options provide a hedge against inflation. This is a brand-new construction, all-brick prototype building with a 20-year roof warranty, situated on a 0.92-acre lot. The property benefits from a prime location in a developing retail corridor, directly off Interstate 40 (42,000+ VPD), with excellent visibility along Genesis Rd (8,700+ VPD) and Interstate Dr (6,000+ VPD). Its proximity to a major employer (Colinx, over 1,100 employees) and new developments like Starbucks and Buc-ee's further enhances its appeal. The property's location in Tennessee, an income tax-free state, adds to its investment attractiveness. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

Property Details for 2010 Genesis Rd

Property type
Retail properties, Auto shops
Square Feet
6,889 SF
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Crossville
County
Cumberland
State
Tennessee
Latitude
35.9797474
Longitude
-85.0145278

FAQs

What type of property is this?
Retail property - High-yield, net-leased auto shop. Excellent location.
Where is the retail property located?
The property is located at 2010 Genesis Rd Crossville, TN.
What is the asking price?
The asking price for this property is $2,800,000.
How can I contact the broker?
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2010 Genesis Rd
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