11 Church StLexington, TN 38351

Property Details for 11 Church St

Year built

2019

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

1,334 SF

Zone code

B3

Property type

Office properties

APN

039082I E 01300

APU

039082IE01300

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $304,924

  6.5%

  $281,468

  7%

  $261,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,999

  Geo Method

  $103,999

• Alternative Use

  Use

  Valuation

  Residential

  $349,021

  Hospitality

  $319,701

  Educational

  $265,988

  Medical

  $275,135

  Retail

  $413,758

Location Insight

City

Lexington

County

Henderson

State

Tennessee

Latitude

35.6508

Longitude

-88.3939

Property Tax & Assessments

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