715 E Main St - Freestanding FOR SALE


Adamsville, TN 38310
$813,642 USD
727-550-7114
715 E Main St, Adamsville, TN for Sale
$813,642 USD
Freestanding - FOR SALE
1/2
null | 8.65% Cap Rate

715 E Main St
Adamsville, TN 38310


HIGHLIGHTS

  • Minimal Landlord Responsibilities
  • High Yielding Asset
  • Tennessee Is An Income Tax Free State
  • Strong Corporate Tenant

OVERVIEW

The Hurd Net Lease Group with Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 715 E Main Street in Adamsville, Tennessee. This investment is being offered at $813,642 which represents an 8.65% capitalization rate. The subject property was built to suit for Dollar General in 1997 and encompasses over 9,000 rentable square feet. This location has been fully occupied by Dollar General for over 27 years and the lease was recently renewed for an additional five years. The tenant reimburses the landlord for taxes, pay insurance through their national carrier and contributes $250 each month towards common area maintenance. The landlord is responsible for common area maintenance, roof and structure. Adamsville, Tennessee is in south central Tennessee, located approximately two hours from both Memphis and Nashville. Situated along E Main Street, this site benefits from robust traffic exposure passing the site each day and serves as the essential retailer for residents in town.

FOR SALE DETAILS

PRICE

$813,642 USD

PRICE/SF

$89 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B1

APN/PARCEL ID

055O-C-003.05

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.