685 Church st - Retail FOR SALE
Lexington, TN 38351 |
$2,910,000 USD
214-692-2216
685 Church st
Lexington, TN 38351
HIGHLIGHTS
- Corporate Guaranty: Starbucks and T-Mobile are corporately guaranteed with escalation during the base term of the lease.
- New Construction: Construction on the building recently finished in Fall 2024 featuring modern prototypes for each tenant.
- Long Term Leases: Each tenant has signed a New 10-year NNN lease with built in increases and options.
- Diverse Tenant Mix: The tenant lineup includes Starbucks, T-Mobile, and Premier Dental, providing both stability and local market appeal.
- Strong Outparcel: The property is outparceled to as Walmart Supercenter, Tractor Supply, AutoZone, McDonald’s, KFC, and others.
- Strong Traffic Counts: Hwy 412 (Church St) see over ±19,650 VPD
FOR SALE DETAILS
PRICE
$2,910,000 USD
PRICE/SF
$410 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
LEXINGTON SHOPPING CENTER
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.76 AC
LAND SF
32,985 SF
ZONING
-
APN/PARCEL ID
081-030.10
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214-692-2216
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214-692-2216
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