435 Main StHohenwald, TN 38462

Property Details for 435 Main St

Year built

1975

Lot size

0.40 AC

Property size (Sq ft)

1,173 SF

Zone code

C-3

Property type

Drive through restaurants

APN

051035P C 00801

APU

051035PC00801

Description

This fee-simple Sonic Drive-In in Hohenwald, Tennessee, presents a compelling redevelopment opportunity for developers or users. Located at 435 E Main St, this 1,173 square foot property sits on a highly visible 100+ foot frontage along E Main St, a major retail thoroughfare with approximately 11,880 vehicles passing daily. The property boasts a strong retail presence, neighboring Walmart, Hardee's, McDonald's, and other national brands. Currently operating under a NNN lease with 1.4 years remaining, the property offers a $600,000 asking price, a 5.50% cap rate, and a $33,000 NOI. Built in 1975, this single-tenant property is a top performer, ranking in the 79th percentile for Sonic locations nationwide, with over 460,000 annual visitors according to AlphaMaps data. This location offers significant upside potential for those seeking to capitalize on its prime location and high foot traffic. The property's strong performance and location make it an attractive investment opportunity. The property is located in Lewis County, Tennessee, zip code 38462.

• CAP approach

  CAP return

  Valuation

  6%

  $297,878

  6.5%

  $274,964

  7%

  $255,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,449

  Geo Method

  $254,449

• Alternative Use

  Use

  Valuation

  Residential

  $231,943

  Hospitality

  $212,458

  Educational

  $176,763

  Medical

  $182,842

  Retail

  $274,964

Location Insight

City

Hohenwald

County

Lewis

State

Tennessee

Latitude

35.5507

Longitude

-87.5421

Property Tax & Assessments

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