1207 Meridian StGreenfield, TN 38230

Property Details for 1207 Meridian St

Year built

1999

Construction

FRAME

Lot size

1.60 AC

Property size (Sq ft)

17,924 SF

Property type

Retail properties

Property subtype

Retail space

APN

092155 03601

APU

9215503601

Description

This exceptional investment opportunity presents a single-tenant, 16,500-square-foot Dollar General convenience store and grocery storefront located in Greenfield, Tennessee. The property sits on a 1.6-acre lot at 1207 S Meridian St, 38230, and boasts a strong 7.25% capitalization rate. Built in 1999, this single-story building is currently 100% occupied under a Net Lease (NN) agreement with a corporate guarantee, ensuring consistent cash flow. The Net Operating Income (NOI) stands at $75,000 annually. The asking price is $1,034,482. This property offers a secure investment with a projected rent increase scheduled for 2026, promising even greater future returns. The property's prime location just south of downtown Greenfield provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing retail asset in a stable market. The sale is offered as-is by the owner.

• CAP approach

  CAP return

  Valuation

  6%

  $6,022,657

  6.5%

  $5,559,376

  7%

  $5,162,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,521,335

  Geo Method

  $3,521,335

• Alternative Use

  Use

  Valuation

  Residential

  $4,689,542

  Hospitality

  $4,295,594

  Educational

  $3,573,884

  Medical

  $3,696,796

  Retail

  $5,559,376

Location Insight

City

Greenfield

County

Weakley

State

Tennessee

Latitude

36.1443

Longitude

-88.8044

CBSA code

32280

CBSA name

MARTIN, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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